Amundi Increases Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Amundi raised its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 160.0% during the fourth quarter, Holdings Channel reports. The fund owned 12,250 shares of the industrial products company’s stock after buying an additional 7,538 shares during the period. Amundi’s holdings in Apogee Enterprises were worth $875,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new position in shares of Apogee Enterprises during the fourth quarter worth approximately $32,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Apogee Enterprises during the third quarter worth approximately $58,000. KBC Group NV raised its stake in shares of Apogee Enterprises by 46.7% during the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 408 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Apogee Enterprises by 44.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 396 shares in the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in shares of Apogee Enterprises during the third quarter worth approximately $131,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on APOG. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. DA Davidson dropped their price objective on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. Finally, Singular Research raised Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th.

Apogee Enterprises Price Performance

APOG opened at $47.46 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. Apogee Enterprises, Inc. has a 52-week low of $45.33 and a 52-week high of $87.93. The stock has a market capitalization of $1.04 billion, a PE ratio of 10.59 and a beta of 1.04. The stock’s 50 day moving average price is $50.36 and its 200-day moving average price is $66.31.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results 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. The company had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $332.27 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS. On average, equities research analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were paid a $0.26 dividend. The ex-dividend date was Tuesday, January 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.19%. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s dividend payout ratio is presently 23.21%.

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).