Grace & White Inc. NY Has $2.17 Million Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Grace & White Inc. NY decreased its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,400 shares of the industrial products company’s stock after selling 5,100 shares during the period. Grace & White Inc. NY’s holdings in Apogee Enterprises were worth $2,171,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Apogee Enterprises in the third quarter worth about $6,845,000. Assenagon Asset Management S.A. increased its holdings in shares of Apogee Enterprises by 70.8% in the third quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock valued at $11,369,000 after purchasing an additional 67,295 shares in the last quarter. Foundry Partners LLC bought a new position in Apogee Enterprises in the 3rd quarter worth approximately $4,182,000. International Assets Investment Management LLC acquired a new position in Apogee Enterprises during the 3rd quarter worth $38,740,000. Finally, Kingsview Wealth Management LLC bought a new position in Apogee Enterprises in the 3rd quarter valued at $2,134,000. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Apogee Enterprises Stock Performance

APOG stock opened at $49.65 on Thursday. Apogee Enterprises, Inc. has a twelve month low of $49.01 and a twelve month high of $87.93. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.09 billion, a P/E ratio of 11.08 and a beta of 1.01. The business’s fifty day moving average is $62.94 and its 200-day moving average is $69.18.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $341.30 million during the quarter, compared to analyst estimates of $332.27 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 EPS. Equities research analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, January 28th. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.09%. Apogee Enterprises’s dividend payout ratio (DPR) 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).