Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 38.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 67,834 shares of the industrial products company’s stock after buying an additional 18,817 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Apogee Enterprises were worth $4,844,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of APOG. Endeavor Private Wealth Inc. acquired a new position in Apogee Enterprises in the 4th quarter valued at $32,000. New Age Alpha Advisors LLC acquired a new position in Apogee Enterprises in the fourth quarter valued at $40,000. Point72 Asia Singapore Pte. Ltd. lifted its position in Apogee Enterprises by 44.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock worth $91,000 after buying an additional 396 shares during the period. KBC Group NV boosted its stake in 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 buying an additional 408 shares during the last quarter. Finally, Vestcor Inc purchased a new stake in Apogee Enterprises in the 4th quarter valued at about $106,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Stock Up 2.8 %

Shares of NASDAQ:APOG opened at $48.00 on Thursday. Apogee Enterprises, Inc. has a 1 year low of $45.28 and a 1 year high of $87.93. The stock has a 50-day simple moving average of $48.94 and a 200-day simple moving average of $65.17. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. The stock has a market capitalization of $1.05 billion, a P/E ratio of 10.71 and a beta of 1.04.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (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 analyst estimates of $332.27 million. During the same quarter in the prior year, the business earned $1.23 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. Equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were given a $0.26 dividend. The ex-dividend date was Tuesday, January 28th. 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 2.17%. Apogee Enterprises’s dividend payout ratio (DPR) is 23.21%.

Analysts Set New Price Targets

APOG has been the topic of several recent analyst reports. Sidoti upgraded shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. Finally, DA Davidson dropped their price objective on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th.

Apogee Enterprises Company 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).