Diversified Trust Co Boosts Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Diversified Trust Co raised its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,673 shares of the industrial products company’s stock after buying an additional 730 shares during the quarter. Diversified Trust Co’s holdings in Apogee Enterprises were worth $548,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in APOG. Gladius Capital Management LP purchased a new position in shares of Apogee Enterprises in the third quarter valued at $33,000. GAMMA Investing LLC lifted its position in Apogee Enterprises by 43.2% during the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 163 shares during the last quarter. Quarry LP grew its stake in shares of Apogee Enterprises by 959.4% in the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company’s stock worth $46,000 after buying an additional 662 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Apogee Enterprises in the 3rd quarter worth about $58,000. Finally, CWM LLC raised its position in shares of Apogee Enterprises by 19.9% during the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock valued at $80,000 after buying an additional 190 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Down 3.4 %

Shares of NASDAQ APOG opened at $50.75 on Friday. Apogee Enterprises, Inc. has a 1 year low of $50.67 and a 1 year high of $87.93. The firm has a 50-day simple moving average of $77.45 and a two-hundred day simple moving average of $70.72. The company has a market cap of $1.11 billion, a P/E ratio of 10.68 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The company had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $332.27 million. During the same quarter in the previous year, the business earned $1.23 EPS. Apogee Enterprises’s revenue was up .5% compared to the same quarter last year. Research analysts anticipate that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.05%. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, January 28th. Apogee Enterprises’s payout ratio is 21.05%.

Analyst Upgrades and Downgrades

Several research firms recently commented on APOG. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, DA Davidson decreased their price target on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday.

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).