Bank of New York Mellon Corp Has $17.77 Million Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Bank of New York Mellon Corp cut its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 11.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 248,901 shares of the industrial products company’s stock after selling 32,236 shares during the quarter. Bank of New York Mellon Corp’s holdings in Apogee Enterprises were worth $17,774,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kingsview Wealth Management LLC bought a new stake in Apogee Enterprises in the 3rd quarter valued at approximately $2,134,000. Farther Finance Advisors LLC lifted its stake in Apogee Enterprises by 2,602.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,351 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 1,301 shares in the last quarter. Geode Capital Management LLC lifted its stake in Apogee Enterprises by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock valued at $37,131,000 after acquiring an additional 7,382 shares in the last quarter. Inspire Investing LLC bought a new stake in Apogee Enterprises in the 4th quarter valued at approximately $824,000. Finally, Janney Montgomery Scott LLC bought a new stake in Apogee Enterprises in the 3rd quarter valued at approximately $1,800,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on APOG shares. Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. DA Davidson dropped their price objective on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. Finally, Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th.

Apogee Enterprises Stock Performance

Shares of NASDAQ APOG opened at $47.32 on Wednesday. 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 stock’s fifty day moving average price is $52.60 and its two-hundred day moving average price is $67.12. Apogee Enterprises, Inc. has a one year low of $45.33 and a one year high of $87.93. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 10.56 and a beta of 1.04.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The firm had revenue of $341.30 million for the quarter, compared to analyst estimates of $332.27 million. During the same period in the prior year, the firm posted $1.23 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th were issued a dividend of $0.26 per share. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio is 23.21%.

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).