Congress Wealth Management LLC DE Sells 5,175 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Congress Wealth Management LLC DE lessened its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 51.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,820 shares of the industrial products company’s stock after selling 5,175 shares during the period. Congress Wealth Management LLC DE’s holdings in Apogee Enterprises were worth $344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Apogee Enterprises by 1.4% during the third quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock worth $37,131,000 after purchasing an additional 7,382 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of Apogee Enterprises during the 4th quarter worth about $824,000. Ritholtz Wealth Management grew its holdings in shares of Apogee Enterprises by 69.0% in the 4th quarter. Ritholtz Wealth Management now owns 22,095 shares of the industrial products company’s stock valued at $1,578,000 after acquiring an additional 9,019 shares in the last quarter. FMR LLC increased its position in shares of Apogee Enterprises by 12.5% in the third quarter. FMR LLC now owns 104,690 shares of the industrial products company’s stock valued at $7,330,000 after acquiring an additional 11,627 shares during the last quarter. Finally, Amundi raised 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 worth $875,000 after acquiring an additional 7,538 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Stock Performance

APOG opened at $46.67 on Friday. 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 stock has a market cap of $1.02 billion, a price-to-earnings ratio of 10.42 and a beta of 1.04. Apogee Enterprises, Inc. has a 12-month low of $45.33 and a 12-month high of $87.93. The business has a 50 day moving average of $49.52 and a 200-day moving average of $65.52.

Apogee Enterprises (NASDAQ:APOG) last announced 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 during the quarter, compared to the consensus estimate of $332.27 million. During the same quarter last year, the firm posted $1.23 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share 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 of this dividend was Tuesday, January 28th. This represents a $1.04 dividend on an annualized basis and a yield of 2.23%. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s dividend payout ratio is 23.21%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on APOG shares. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. DA Davidson dropped 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. Finally, StockNews.com downgraded shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research 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).