20,023 Shares in Apogee Enterprises, Inc. (NASDAQ:APOG) Bought by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 20,023 shares of the industrial products company’s stock, valued at approximately $1,430,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of APOG. Victory Capital Management Inc. grew its holdings in shares of Apogee Enterprises by 7.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company’s stock worth $82,548,000 after buying an additional 75,438 shares in the last quarter. Geode Capital Management LLC boosted its position in Apogee Enterprises by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock worth $37,131,000 after acquiring an additional 7,382 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Apogee Enterprises by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 117,770 shares of the industrial products company’s stock worth $8,410,000 after acquiring an additional 4,373 shares in the last quarter. FMR LLC raised its holdings 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 purchasing an additional 11,627 shares during the last quarter. Finally, Moran Wealth Management LLC lifted its position in shares of Apogee Enterprises by 0.3% in the third quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company’s stock worth $6,887,000 after purchasing an additional 304 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

Shares of APOG opened at $47.89 on Friday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 10.69 and a beta of 1.04. 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 company’s fifty day simple moving average is $54.03 and its 200 day simple moving average is $67.43. Apogee Enterprises, Inc. has a 1-year low of $45.33 and a 1-year 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 company had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $332.27 million. During the same period in the prior year, the firm earned $1.23 EPS. Apogee Enterprises’s quarterly revenue was up .5% compared to the same quarter last year. On average, research analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.17%. This is a boost 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 Upgrades and Downgrades

A number of research firms recently weighed in on APOG. DA Davidson decreased 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. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th. Finally, StockNews.com cut 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).