Barclays PLC Has $4.61 Million Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Barclays PLC grew its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,508 shares of the industrial products company’s stock after purchasing an additional 739 shares during the quarter. Barclays PLC’s holdings in Apogee Enterprises were worth $4,606,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Sterling Capital Management LLC lifted its position in Apogee Enterprises by 6.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,986 shares of the industrial products company’s stock worth $499,000 after buying an additional 427 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Apogee Enterprises during the fourth quarter worth approximately $706,000. Martingale Asset Management L P grew its stake in shares of Apogee Enterprises by 14.0% during the fourth quarter. Martingale Asset Management L P now owns 42,574 shares of the industrial products company’s stock valued at $3,040,000 after purchasing an additional 5,233 shares during the last quarter. Abacus FCF Advisors LLC raised its position in Apogee Enterprises by 46.3% in the 4th quarter. Abacus FCF Advisors LLC now owns 48,966 shares of the industrial products company’s stock worth $3,497,000 after purchasing an additional 15,500 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Apogee Enterprises by 196.2% during the 4th quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company’s stock worth $8,775,000 after buying an additional 81,400 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

Apogee Enterprises Stock Down 1.7 %

Shares of Apogee Enterprises stock opened at $39.38 on Friday. The business has a fifty day simple moving average of $46.55 and a 200 day simple moving average of $61.78. The stock has a market cap of $864.51 million, a PE ratio of 8.79 and a beta of 0.85. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. Apogee Enterprises, Inc. has a 12 month low of $38.67 and a 12 month high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Thursday, April 24th. The industrial products company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). The company had revenue of $345.69 million during the quarter, compared to the consensus estimate of $331.82 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. Research analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, May 13th. Apogee Enterprises’s dividend payout ratio is currently 26.80%.

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).