Prudential Financial Inc. Has $8.39 Million Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Prudential Financial Inc. grew its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 70.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 117,548 shares of the industrial products company’s stock after purchasing an additional 48,680 shares during the period. Prudential Financial Inc.’s holdings in Apogee Enterprises were worth $8,394,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Apogee Enterprises by 44.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 396 shares in the last quarter. KBC Group NV lifted its holdings in shares of Apogee Enterprises by 46.7% in the fourth 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 in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of Apogee Enterprises in the fourth quarter worth $32,000. LPL Financial LLC grew its holdings in shares of Apogee Enterprises by 14.6% during the fourth quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company’s stock valued at $304,000 after buying an additional 541 shares in the last quarter. Finally, Diversified Trust Co raised its position in Apogee Enterprises by 10.5% during the fourth quarter. Diversified Trust Co now owns 7,673 shares of the industrial products company’s stock valued at $548,000 after buying an additional 730 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Trading Down 1.8 %

Shares of NASDAQ APOG opened at $46.67 on Friday. The business has a 50 day simple moving average of $49.52 and a 200 day simple moving average of $65.52. Apogee Enterprises, Inc. has a 52 week low of $45.33 and a 52 week high of $87.93. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 10.42 and a beta of 1.04. 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 (NASDAQ:APOG) last posted its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The company had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. During the same period in the previous year, the firm posted $1.23 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. On average, research analysts predict 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. Shareholders of record on Tuesday, January 28th were issued a dividend of $0.26 per share. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.23%. The ex-dividend date was Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio (DPR) is 23.21%.

Analyst Ratings Changes

Several equities analysts have weighed in on APOG shares. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. StockNews.com downgraded shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th. Singular Research upgraded shares of Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th. Finally, DA Davidson decreased their target price on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th.

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).