LSV Asset Management Sells 1,300 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

LSV Asset Management decreased its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 510,992 shares of the industrial products company’s stock after selling 1,300 shares during the quarter. LSV Asset Management owned approximately 2.31% of Apogee Enterprises worth $27,292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC acquired a new stake in shares of Apogee Enterprises in the fourth quarter worth about $31,000. DekaBank Deutsche Girozentrale acquired a new position in Apogee Enterprises during the third quarter valued at approximately $56,000. Mutual of America Capital Management LLC bought a new position in shares of Apogee Enterprises in the fourth quarter valued at approximately $206,000. Handelsbanken Fonder AB acquired a new stake in shares of Apogee Enterprises in the fourth quarter worth $211,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Apogee Enterprises during the 3rd quarter worth $231,000. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Performance

Shares of APOG opened at $63.54 on Monday. The company has a market capitalization of $1.41 billion, a PE ratio of 14.09 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.18. Apogee Enterprises, Inc. has a one year low of $36.62 and a one year high of $64.30. The company’s fifty day moving average price is $58.59 and its 200 day moving average price is $52.98.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The business had revenue of $361.80 million for the quarter, compared to analyst estimates of $337.84 million. During the same period in the previous year, the company posted $0.86 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts expect that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be given a $0.25 dividend. The ex-dividend date is Monday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.57%. Apogee Enterprises’s dividend payout ratio is 22.17%.

Insider Transactions at Apogee Enterprises

In other Apogee Enterprises news, EVP Curtis John Dobler sold 3,797 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $60.46, for a total value of $229,566.62. Following the completion of the sale, the executive vice president now directly owns 32,653 shares of the company’s stock, valued at approximately $1,974,200.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Curtis John Dobler sold 3,797 shares of Apogee Enterprises stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.46, for a total transaction of $229,566.62. Following the sale, the executive vice president now owns 32,653 shares of the company’s stock, valued at approximately $1,974,200.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brent C. Jewell sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $61.79, for a total value of $463,425.00. Following the sale, the insider now owns 66 shares in the company, valued at $4,078.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,025 shares of company stock worth $2,374,896. Insiders own 2.00% of the company’s stock.

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).