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

Tudor Investment Corp ET AL increased its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 51.2% in the fourth quarter, Holdings Channel reports. The firm owned 110,616 shares of the industrial products company’s stock after acquiring an additional 37,434 shares during the period. Tudor Investment Corp ET AL’s holdings in Apogee Enterprises were worth $7,899,000 at the end of the most recent quarter.

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

Apogee Enterprises Trading Up 1.6 %

Shares of Apogee Enterprises stock opened at $40.38 on Wednesday. The business has a fifty day simple moving average of $46.19 and a 200-day simple moving average of $61.26. The firm has a market cap of $886.46 million, a price-to-earnings ratio of 9.01 and a beta of 0.85. Apogee Enterprises, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $87.93. 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 (NASDAQ:APOG) last issued its earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). The business had revenue of $345.69 million for the quarter, compared to the consensus estimate of $331.82 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.14 earnings per share. On average, equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.26 per share. The ex-dividend date is Tuesday, May 13th. This represents a $1.04 annualized dividend and a yield of 2.58%. Apogee Enterprises’s payout ratio is presently 26.80%.

Analyst Ratings Changes

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

Apogee Enterprises 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).