Allspring Global Investments Holdings LLC Sells 7,594 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 10.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 66,139 shares of the industrial products company’s stock after selling 7,594 shares during the period. Allspring Global Investments Holdings LLC owned about 0.30% of Apogee Enterprises worth $4,723,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CWM LLC increased its position in shares of Apogee Enterprises by 19.9% during the third quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock worth $80,000 after buying an additional 190 shares during the period. Moran Wealth Management LLC boosted its position in Apogee Enterprises by 0.3% during the third quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company’s stock valued at $6,887,000 after acquiring an additional 304 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Apogee Enterprises by 44.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 396 shares during the period. KBC Group NV raised its position in shares of Apogee Enterprises by 46.7% in the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 408 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Apogee Enterprises by 1.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 32,078 shares of the industrial products company’s stock valued at $2,246,000 after purchasing an additional 439 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Stock Up 0.2 %

APOG stock opened at $48.95 on Friday. The stock’s 50 day simple moving average is $59.15 and its 200 day simple moving average is $68.43. The company has a market cap of $1.07 billion, a P/E ratio of 10.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. Apogee Enterprises, Inc. has a fifty-two week low of $47.94 and a fifty-two week high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share 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 company had revenue of $341.30 million for the quarter, compared to analyst estimates of $332.27 million. During the same period in the prior year, the firm earned $1.23 earnings per share. Apogee Enterprises’s revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.12%. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio (DPR) is 23.21%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. Sidoti raised shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. DA Davidson dropped 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 report on Wednesday, January 8th. Finally, Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th.

Apogee Enterprises 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).