Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,946 shares of the industrial products company’s stock after selling 1,948 shares during the period. Wedge Capital Management L L P NC owned 0.07% of Apogee Enterprises worth $1,139,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Gladius Capital Management LP acquired a new stake in shares of Apogee Enterprises during the 3rd quarter worth about $33,000. GAMMA Investing LLC lifted its holdings in shares of Apogee Enterprises by 43.2% during the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 163 shares during the period. Quarry LP lifted its holdings in shares of Apogee Enterprises by 959.4% during the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 662 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Apogee Enterprises during the 3rd quarter worth about $58,000. Finally, CWM LLC lifted its holdings 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 worth $80,000 after acquiring an additional 190 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $55.69 on Tuesday. The company has a market cap of $1.22 billion, a PE ratio of 12.43 and a beta of 1.04. The company has a fifty day moving average price of $73.54 and a two-hundred day moving average price of $70.48. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.32. Apogee Enterprises, Inc. has a 12 month low of $49.58 and a 12 month high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The company had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. During the same quarter in the previous year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Research analysts expect that Apogee Enterprises, Inc. will post 4.96 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, January 28th. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.87%. Apogee Enterprises’s payout ratio is 22.32%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on APOG shares. DA Davidson cut their price objective 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. Sidoti upgraded shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. Singular Research upgraded shares of Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th. Finally, StockNews.com lowered shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th.

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).