Tudor Investment Corp ET AL Increases Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Tudor Investment Corp ET AL grew its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 51.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,616 shares of the industrial products company’s stock after purchasing an additional 37,434 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.50% of Apogee Enterprises worth $7,899,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Apogee Enterprises by 87.9% in the fourth quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company’s stock valued at $13,335,000 after acquiring an additional 87,356 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Apogee Enterprises by 196.2% during the fourth 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 during the last quarter. Norges Bank acquired a new position in Apogee Enterprises in the 4th quarter valued at about $5,698,000. American Century Companies Inc. lifted its position in Apogee Enterprises by 12.9% during the 4th quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company’s stock worth $49,426,000 after acquiring an additional 79,009 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Apogee Enterprises by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company’s stock valued at $82,548,000 after purchasing an additional 75,438 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on APOG shares. DA Davidson lowered their target price on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th. Sidoti upgraded shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. Finally, StockNews.com cut shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, April 25th.

Apogee Enterprises Price Performance

Apogee Enterprises stock opened at $40.38 on Wednesday. Apogee Enterprises, Inc. has a 52 week low of $38.67 and a 52 week high of $87.93. The firm has a market capitalization of $886.46 million, a PE ratio of 9.01 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. The firm’s 50-day simple moving average is $46.19 and its 200 day simple moving average is $61.26.

Apogee Enterprises (NASDAQ:APOG) last announced its 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). Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The company had revenue of $345.69 million for the quarter, compared to analyst estimates of $331.82 million. During the same quarter last year, the company posted $1.14 EPS. Apogee Enterprises’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, equities research analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.58%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 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).