Charles Schwab Investment Management Inc. Sells 2,623 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Charles Schwab Investment Management Inc. lowered its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 378,934 shares of the industrial products company’s stock after selling 2,623 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.73% of Apogee Enterprises worth $27,060,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of APOG. Y Intercept Hong Kong Ltd grew its stake in Apogee Enterprises by 82.7% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,165 shares of the industrial products company’s stock valued at $512,000 after buying an additional 3,243 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Apogee Enterprises by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 117,770 shares of the industrial products company’s stock worth $8,410,000 after acquiring an additional 4,373 shares during the period. Caprock Group LLC purchased a new position in shares of Apogee Enterprises in the fourth quarter valued at $225,000. KBC Group NV raised its stake in shares of Apogee Enterprises by 46.7% during the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 408 shares during the period. Finally, Inspire Investing LLC purchased a new stake in Apogee Enterprises during the 4th quarter worth about $824,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

Shares of APOG opened at $47.01 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $50.67 and a 200-day moving average price of $66.58. The company has a market cap of $1.03 billion, a PE ratio of 10.49 and a beta of 1.04. Apogee Enterprises, Inc. has a 12-month low of $45.33 and a 12-month high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The business had revenue of $341.30 million during the quarter, compared to analyst estimates of $332.27 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. Apogee Enterprises’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share. As a group, equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, January 28th. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.21%. Apogee Enterprises’s dividend payout ratio (DPR) is 23.21%.

Analysts Set New Price Targets

APOG has been the topic of several analyst reports. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th. DA Davidson lowered their target price on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Sidoti upgraded shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).