Pacer Advisors Inc. Decreases Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Pacer Advisors Inc. cut its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 708,961 shares of the industrial products company’s stock after selling 72,431 shares during the quarter. Pacer Advisors Inc.’s holdings in Apogee Enterprises were worth $50,627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in APOG. Sei Investments Co. purchased a new position in shares of Apogee Enterprises in the second quarter valued at $1,738,000. Marshall Wace LLP purchased a new position in shares of Apogee Enterprises in the second quarter valued at $217,000. Squarepoint Ops LLC purchased a new position in shares of Apogee Enterprises in the second quarter valued at $308,000. The Manufacturers Life Insurance Company boosted its stake in shares of Apogee Enterprises by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 11,310 shares of the industrial products company’s stock valued at $711,000 after purchasing an additional 442 shares during the period. Finally, Algert Global LLC purchased a new position in shares of Apogee Enterprises in the second quarter valued at $223,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Down 3.7 %

Shares of NASDAQ:APOG opened at $52.98 on Tuesday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 11.83 and a beta of 1.04. Apogee Enterprises, Inc. has a 1-year low of $49.58 and a 1-year high of $87.93. The company’s fifty day moving average is $70.78 and its two-hundred day moving average is $70.32. 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 (NASDAQ:APOG) last issued its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $332.27 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 earnings per share. Equities analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.96%. 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 dividend payout ratio is 23.21%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th. DA Davidson cut their price target 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 raised shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. Finally, StockNews.com cut 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).