Segall Bryant & Hamill LLC Sells 10,295 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Segall Bryant & Hamill LLC trimmed its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 662,558 shares of the industrial products company’s stock after selling 10,295 shares during the period. Apogee Enterprises comprises about 0.7% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 26th largest position. Segall Bryant & Hamill LLC’s holdings in Apogee Enterprises were worth $47,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new stake in shares of Apogee Enterprises in the 4th quarter worth about $32,000. Harvest Fund Management Co. Ltd acquired a new position in Apogee Enterprises in the third quarter valued at about $58,000. Point72 Asia Singapore Pte. Ltd. grew its stake in 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 buying an additional 396 shares during the last quarter. KBC Group NV increased its holdings 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 buying an additional 408 shares in the last quarter. Finally, Vestcor Inc bought a new position in shares of Apogee Enterprises in the fourth quarter valued at approximately $106,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises Stock Up 3.4 %

Shares of APOG opened at $48.31 on Tuesday. The business’s fifty day moving average price is $50.07 and its two-hundred day moving average price is $65.97. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 10.78 and a beta of 1.04. Apogee Enterprises, Inc. has a 52 week low of $45.33 and a 52 week high of $87.93. 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 posted 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 return on equity of 23.14% and a net margin of 7.14%. The business had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $332.27 million. During the same quarter last year, the business earned $1.23 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 23.21%.

Analyst Ratings Changes

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

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).