450 Shares in Apogee Enterprises, Inc. (NASDAQ:APOG) Acquired by Endeavor Private Wealth Inc.

Endeavor Private Wealth Inc. bought a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 450 shares of the industrial products company’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingsview Wealth Management LLC acquired a new position in shares of Apogee Enterprises during the third quarter worth $2,134,000. Renaissance Technologies LLC increased its position in Apogee Enterprises by 1,004.1% during the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock valued at $4,567,000 after buying an additional 66,100 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Apogee Enterprises by 2,602.0% in the third quarter. Farther Finance Advisors LLC now owns 1,351 shares of the industrial products company’s stock valued at $95,000 after buying an additional 1,301 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Apogee Enterprises by 1.4% in the third quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock worth $37,131,000 after acquiring an additional 7,382 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Apogee Enterprises during the third quarter worth about $1,800,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

Shares of NASDAQ:APOG opened at $56.73 on Thursday. The business’s 50 day moving average price is $72.43 and its 200-day moving average price is $70.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. The firm has a market capitalization of $1.25 billion, a PE ratio of 12.66 and a beta of 1.04. Apogee Enterprises, Inc. has a 1 year low of $49.58 and a 1 year high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $332.27 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 earnings per share. As a group, equities research 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 declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, January 28th. This is a positive change 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 1.83%. Apogee Enterprises’s dividend payout ratio is 22.32%.

Wall Street Analysts Forecast Growth

APOG has been the subject of several research reports. StockNews.com downgraded shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. DA Davidson dropped their price target 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. Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. Finally, Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th.

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).