Royce & Associates LP Has $1.95 Million Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Royce & Associates LP raised its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 23.1% in the 4th quarter, HoldingsChannel reports. The fund owned 27,316 shares of the industrial products company’s stock after purchasing an additional 5,119 shares during the period. Royce & Associates LP’s holdings in Apogee Enterprises were worth $1,951,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Endeavor Private Wealth Inc. bought a new stake in shares of Apogee Enterprises during the fourth quarter valued at approximately $32,000. Harvest Fund Management Co. Ltd acquired a new stake in Apogee Enterprises during the third quarter worth $58,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in Apogee Enterprises by 44.1% during the third 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 in the last quarter. KBC Group NV increased its holdings in Apogee Enterprises by 46.7% in the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock valued at $92,000 after buying an additional 408 shares during the period. Finally, Vestcor Inc acquired a new position in shares of Apogee Enterprises in the 4th quarter valued at $106,000. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Trading Down 0.8 %

Shares of APOG stock opened at $47.09 on Friday. The company has a market capitalization of $1.03 billion, a P/E ratio of 10.51 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 company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $50.25 and a 200 day moving average price of $66.18.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 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 the consensus estimate of $332.27 million. During the same period in the previous year, the business earned $1.23 EPS. Apogee Enterprises’s revenue was up .5% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th were paid a $0.26 dividend. The ex-dividend date was Tuesday, January 28th. 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 dividend yield of 2.21%. Apogee Enterprises’s dividend payout ratio (DPR) is 23.21%.

Wall Street Analyst Weigh In

APOG has been the topic of several recent research reports. Sidoti upgraded shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. DA Davidson lowered 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. Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th. Finally, StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th.

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).