Teacher Retirement System of Texas Cuts Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Teacher Retirement System of Texas decreased its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,022 shares of the industrial products company’s stock after selling 19,849 shares during the period. Teacher Retirement System of Texas’ holdings in Apogee Enterprises were worth $6,000,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Apogee Enterprises during the third quarter valued at approximately $6,845,000. Victory Capital Management Inc. increased its position in shares of Apogee Enterprises by 7.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company’s stock valued at $82,548,000 after purchasing an additional 75,438 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Apogee Enterprises by 170.1% during the 4th quarter. Intech Investment Management LLC now owns 87,537 shares of the industrial products company’s stock valued at $6,251,000 after purchasing an additional 55,122 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Apogee Enterprises by 179.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 54,700 shares of the industrial products company’s stock worth $3,898,000 after purchasing an additional 35,100 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Apogee Enterprises in the 3rd quarter worth about $2,134,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

APOG has been the topic of several research reports. Sidoti raised shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. DA Davidson dropped their price objective on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th. Finally, Singular Research raised Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $46.73 on Monday. The firm has a market cap of $1.03 billion, a P/E ratio of 10.43 and a beta of 1.04. 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’s 50 day moving average is $50.17 and its 200-day moving average is $66.07. Apogee Enterprises, Inc. has a 12-month low of $45.33 and a 12-month high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The business had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $332.27 million. During the same quarter in the previous year, the firm posted $1.23 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Sell-side 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 announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders 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 annualized dividend and a yield of 2.23%. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s dividend payout ratio (DPR) is currently 23.21%.

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).