First Trust Advisors LP Has $3.83 Million Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

First Trust Advisors LP lifted its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 39.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,631 shares of the industrial products company’s stock after acquiring an additional 15,224 shares during the period. First Trust Advisors LP’s holdings in Apogee Enterprises were worth $3,830,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Inspire Investing LLC acquired a new position in shares of Apogee Enterprises during the 4th quarter worth approximately $824,000. Franklin Resources Inc. lifted its position in shares of Apogee Enterprises by 35.3% during the 4th quarter. Franklin Resources Inc. now owns 44,247 shares of the industrial products company’s stock valued at $3,160,000 after acquiring an additional 11,552 shares during the period. Ritholtz Wealth Management grew its holdings in shares of Apogee Enterprises by 69.0% during the 4th quarter. Ritholtz Wealth Management now owns 22,095 shares of the industrial products company’s stock worth $1,578,000 after purchasing an additional 9,019 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Apogee Enterprises in the fourth quarter worth $706,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Apogee Enterprises in the fourth quarter valued at about $636,000. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Price Performance

APOG stock opened at $40.96 on Friday. The stock has a market cap of $877.32 million, a price-to-earnings ratio of 9.14 and a beta of 0.85. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. The company has a 50 day simple moving average of $45.70 and a 200 day simple moving average of $60.58. Apogee Enterprises, Inc. has a 1 year low of $38.67 and a 1 year 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 firm 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%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. Research analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Tuesday, May 13th. Apogee Enterprises’s dividend payout ratio is currently 26.80%.

Analysts Set New Price Targets

A number of brokerages have issued reports on APOG. StockNews.com downgraded shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, April 25th. Sidoti raised shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. Finally, DA Davidson lowered their price target 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).