Vanguard Group Inc. boosted its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG – Free Report) by 6.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,627,223 shares of the industrial products company’s stock after acquiring an additional 166,402 shares during the period. Vanguard Group Inc. owned about 0.12% of Apogee Enterprises worth $95,657,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in Apogee Enterprises by 7.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,241 shares of the industrial products company’s stock worth $268,000 after buying an additional 406 shares during the last quarter. Man Group plc raised its holdings in Apogee Enterprises by 7.1% during the second quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock worth $254,000 after buying an additional 418 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Apogee Enterprises by 11.5% during the second quarter. Lazard Asset Management LLC now owns 5,212 shares of the industrial products company’s stock worth $210,000 after buying an additional 537 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Apogee Enterprises by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock worth $602,000 after buying an additional 556 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Apogee Enterprises by 477.7% during the third quarter. Hantz Financial Services Inc. now owns 699 shares of the industrial products company’s stock worth $30,000 after buying an additional 578 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.
Apogee Enterprises Stock Performance
Shares of APOG stock opened at $35.21 on Thursday. The firm has a 50-day moving average of $34.88 and a 200-day moving average of $36.69. The company has a market cap of $747.16 million, a P/E ratio of 13.97, a P/E/G ratio of 1.04 and a beta of 1.17. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.65 and a quick ratio of 1.28. Apogee Enterprises, Inc. has a one year low of $30.75 and a one year high of $49.99.
Apogee Enterprises Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Wednesday, May 13th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, May 13th. Apogee Enterprises’s dividend payout ratio (DPR) is 42.86%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Apogee Enterprises in a report on Monday, April 20th. Zacks Research upgraded shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Apogee Enterprises currently has an average rating of “Hold” and an average target price of $70.50.
Read Our Latest Report on APOG
Apogee Enterprises Profile
Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.
Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.
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