American Century Companies Inc. Has $49.43 Million Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

American Century Companies Inc. lifted its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 12.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 692,139 shares of the industrial products company’s stock after acquiring an additional 79,009 shares during the period. American Century Companies Inc.’s holdings in Apogee Enterprises were worth $49,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of 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 buying an additional 7,382 shares in the last quarter. Inspire Investing LLC acquired a new position in Apogee Enterprises in the fourth quarter worth about $824,000. Ritholtz Wealth Management raised its position in Apogee Enterprises by 69.0% in the fourth quarter. Ritholtz Wealth Management now owns 22,095 shares of the industrial products company’s stock worth $1,578,000 after purchasing an additional 9,019 shares in the last quarter. FMR LLC lifted its stake in Apogee Enterprises by 12.5% during the third quarter. FMR LLC now owns 104,690 shares of the industrial products company’s stock worth $7,330,000 after purchasing an additional 11,627 shares during the period. Finally, Amundi boosted its holdings in Apogee Enterprises by 160.0% during the fourth quarter. Amundi now owns 12,250 shares of the industrial products company’s stock valued at $875,000 after purchasing an additional 7,538 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Trading Up 0.2 %

APOG stock opened at $48.21 on Thursday. The business has a fifty day moving average price of $49.84 and a 200 day moving average price of $65.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. Apogee Enterprises, Inc. has a fifty-two week low of $45.33 and a fifty-two week high of $87.93. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 10.76 and a beta of 1.04.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share 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 analyst estimates of $332.27 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $1.23 earnings per share. Analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th were paid a dividend of $0.26 per share. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio is 23.21%.

Wall Street Analyst Weigh In

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

About Apogee Enterprises

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).