Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by Arjuna Capital

Arjuna Capital trimmed its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 62,252 shares of the industrial products company’s stock after selling 469 shares during the quarter. Apogee Enterprises comprises about 1.2% of Arjuna Capital’s portfolio, making the stock its 26th biggest holding. Arjuna Capital’s holdings in Apogee Enterprises were worth $4,445,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Apogee Enterprises in the third quarter worth approximately $213,000. Farther Finance Advisors LLC raised its position in shares of Apogee Enterprises by 2,602.0% in the third quarter. Farther Finance Advisors LLC now owns 1,351 shares of the industrial products company’s stock valued at $95,000 after buying an additional 1,301 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Apogee Enterprises in the third quarter worth about $1,800,000. Los Angeles Capital Management LLC lifted its stake in shares of Apogee Enterprises by 1.4% in the third quarter. Los Angeles Capital Management LLC now owns 32,078 shares of the industrial products company’s stock worth $2,246,000 after buying an additional 439 shares in the last quarter. Finally, Royce & Associates LP grew its stake in Apogee Enterprises by 63.1% during the 3rd quarter. Royce & Associates LP now owns 22,197 shares of the industrial products company’s stock valued at $1,554,000 after acquiring an additional 8,589 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Trading Down 0.3 %

Shares of Apogee Enterprises stock opened at $47.89 on Friday. The stock has a 50 day moving average of $54.03 and a 200 day moving average of $67.43. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 10.69 and a beta of 1.04. Apogee Enterprises, Inc. has a fifty-two week low of $45.33 and a fifty-two week high of $87.93.

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, topping the consensus estimate 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 net margin of 7.14% and a return on equity of 23.14%. Apogee Enterprises’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share. As a group, research analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th were given 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 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio (DPR) is currently 23.21%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. DA Davidson decreased their target price on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a research 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 lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a 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).