Y Intercept Hong Kong Ltd Grows Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Y Intercept Hong Kong Ltd lifted its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 82.7% in the fourth quarter, HoldingsChannel reports. The fund owned 7,165 shares of the industrial products company’s stock after acquiring an additional 3,243 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Apogee Enterprises were worth $512,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new position in shares of Apogee Enterprises during the 4th quarter valued at approximately $32,000. Gladius Capital Management LP bought a new position in shares of Apogee Enterprises during the 3rd quarter valued at approximately $33,000. Harvest Fund Management Co. Ltd bought a new position in shares of Apogee Enterprises during the 3rd quarter valued at approximately $58,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Apogee Enterprises by 44.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 396 shares during the period. Finally, KBC Group NV grew its stake in shares of Apogee Enterprises by 46.7% during the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 408 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Trading Up 1.5 %

APOG stock opened at $47.94 on Friday. Apogee Enterprises, Inc. has a 1-year low of $46.76 and a 1-year high of $87.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 10.70 and a beta of 1.01. The business has a 50 day simple moving average of $56.04 and a two-hundred day simple moving average of $67.91.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 EPS. Research analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The company also recently announced 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 an increase 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 2.17%. The ex-dividend date was Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio is currently 23.21%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. DA Davidson dropped their price target 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, StockNews.com downgraded 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).