Thrivent Financial for Lutherans Has $1.21 Million Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Thrivent Financial for Lutherans lowered its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,961 shares of the industrial products company’s stock after selling 263 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Apogee Enterprises worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in Apogee Enterprises by 1.4% during the third quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock worth $37,131,000 after buying an additional 7,382 shares during the last quarter. Inspire Investing LLC bought a new position in shares of Apogee Enterprises during the fourth quarter worth approximately $824,000. Ritholtz Wealth Management raised its holdings in Apogee Enterprises by 69.0% in the 4th quarter. Ritholtz Wealth Management now owns 22,095 shares of the industrial products company’s stock valued at $1,578,000 after acquiring an additional 9,019 shares in the last quarter. FMR LLC lifted its position in Apogee Enterprises by 12.5% during the third quarter. FMR LLC now owns 104,690 shares of the industrial products company’s stock worth $7,330,000 after purchasing an additional 11,627 shares during the period. Finally, Amundi boosted its position in shares of Apogee Enterprises by 160.0% during the 4th quarter. Amundi now owns 12,250 shares of the industrial products company’s stock worth $875,000 after acquiring an additional 7,538 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APOG. DA Davidson reduced their price objective on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th. Sidoti upgraded shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. Finally, Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th.

Apogee Enterprises Trading Down 0.7 %

NASDAQ APOG opened at $46.33 on Tuesday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 10.34 and a beta of 1.04. The business has a 50 day moving average price of $49.33 and a 200-day moving average price of $65.43. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. Apogee Enterprises, Inc. has a 52 week low of $45.28 and a 52 week high of $87.93.

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

Apogee Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th were given a dividend of $0.26 per share. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio is currently 23.21%.

About Apogee Enterprises

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).