Abacus FCF Advisors LLC Acquires 15,500 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Abacus FCF Advisors LLC grew its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 46.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,966 shares of the industrial products company’s stock after acquiring an additional 15,500 shares during the quarter. Abacus FCF Advisors LLC owned 0.22% of Apogee Enterprises worth $3,497,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Apogee Enterprises by 12.5% during the third quarter. FMR LLC now owns 104,690 shares of the industrial products company’s stock worth $7,330,000 after acquiring an additional 11,627 shares during the period. Centiva Capital LP acquired a new stake in Apogee Enterprises in the 3rd quarter valued at about $245,000. Y Intercept Hong Kong Ltd bought a new position in shares of Apogee Enterprises during the 3rd quarter worth approximately $275,000. Barclays PLC boosted its position in Apogee Enterprises by 77.8% during the third quarter. Barclays PLC now owns 63,769 shares of the industrial products company’s stock worth $4,466,000 after purchasing an additional 27,904 shares during the period. Finally, Geode Capital Management LLC grew its stake in Apogee Enterprises by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock valued at $37,131,000 after buying an additional 7,382 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Down 2.8 %

APOG stock opened at $43.86 on Tuesday. 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 $42.33 and a fifty-two week high of $87.93. The stock’s 50 day simple moving average is $48.36 and its 200 day simple moving average is $64.66. The company has a market cap of $962.86 million, a P/E ratio of 9.79 and a beta of 0.85.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, beating 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 quarter last year, the company earned $1.23 earnings per share. The company’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 business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were issued a $0.26 dividend. This is an increase 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 2.37%. The ex-dividend date of this dividend was Tuesday, January 28th. Apogee Enterprises’s payout ratio is 23.21%.

Analysts Set New Price Targets

A number of equities analysts recently commented on APOG shares. Sidoti raised shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. DA Davidson reduced their price objective 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 shares of Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th. Finally, StockNews.com lowered shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th.

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).