Meeder Asset Management Inc. Makes New $57,000 Investment in Apogee Enterprises, Inc. (NASDAQ:APOG)

Meeder Asset Management Inc. purchased a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG) during the 4th quarter, HoldingsChannel reports. The fund purchased 801 shares of the industrial products company’s stock, valued at approximately $57,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC lifted its position in Apogee Enterprises by 12.5% during the third quarter. FMR LLC now owns 104,690 shares of the industrial products company’s stock valued at $7,330,000 after purchasing an additional 11,627 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Apogee Enterprises by 44.1% in the 3rd 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. Centiva Capital LP purchased a new stake in shares of Apogee Enterprises during the 3rd quarter valued at $245,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Apogee Enterprises during the 3rd quarter worth $6,845,000. Finally, Millburn Ridgefield Corp purchased a new position in Apogee Enterprises in the third quarter worth $131,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

Apogee Enterprises Stock Up 0.8 %

APOG opened at $46.70 on Wednesday. Apogee Enterprises, Inc. has a 12 month low of $45.28 and a 12 month high of $87.93. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $49.12 and its 200-day moving average price is $65.29. The company has a market cap of $1.03 billion, a P/E ratio of 10.42 and a beta of 1.04.

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, topping 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 analyst estimates of $332.27 million. During the same period last year, the company earned $1.23 EPS. Apogee Enterprises’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The company also recently declared 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 is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio is currently 23.21%.

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).