Falcon Point Capital LLC reduced its stake in shares of Apogee Enterprises Inc (NASDAQ:APOG) by 15.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 288,774 shares of the industrial products company’s stock after selling 52,469 shares during the quarter. Apogee Enterprises comprises about 2.2% of Falcon Point Capital LLC’s investment portfolio, making the stock its 14th biggest position. Falcon Point Capital LLC’s holdings in Apogee Enterprises were worth $13,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of APOG. Ladenburg Thalmann Financial Services Inc. increased its stake in Apogee Enterprises by 79.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,486 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 1,100 shares during the last quarter. Flinton Capital Management LLC increased its stake in Apogee Enterprises by 80.0% during the second quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock worth $174,000 after acquiring an additional 1,360 shares during the last quarter. SG Americas Securities LLC bought a new stake in Apogee Enterprises during the third quarter worth approximately $190,000. Advisor Group Inc. increased its stake in Apogee Enterprises by 76.9% during the second quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock worth $195,000 after acquiring an additional 1,497 shares during the last quarter. Finally, Miles Capital Inc. bought a new stake in Apogee Enterprises during the fourth quarter worth approximately $207,000. 98.98% of the stock is currently owned by institutional investors.

In other Apogee Enterprises news, Director Sara L. Hays sold 2,229 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $45.46, for a total transaction of $101,330.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is owned by insiders.

Several equities research analysts have weighed in on APOG shares. ValuEngine cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, BidaskClub lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Apogee Enterprises presently has an average rating of “Hold” and a consensus price target of $61.00.

Apogee Enterprises Inc (APOG) opened at $42.50 on Tuesday. Apogee Enterprises Inc has a 12-month low of $40.03 and a 12-month high of $61.00. The stock has a market capitalization of $1,223.37, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 1.41 and a beta of 1.58. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.32 and a current ratio of 1.79.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Thursday, December 21st. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.14). Apogee Enterprises had a net margin of 6.24% and a return on equity of 17.99%. The business had revenue of $356.50 million for the quarter, compared to analysts’ expectations of $373.35 million. During the same quarter last year, the firm earned $0.78 EPS. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. equities research analysts forecast that Apogee Enterprises Inc will post 3.05 EPS for the current fiscal year.

Apogee Enterprises declared that its Board of Directors has initiated a stock buyback plan on Tuesday, January 9th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Tuesday, January 30th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, January 29th. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.14. Apogee Enterprises’s payout ratio is 22.66%.

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Apogee Enterprises Profile

Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.

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Institutional Ownership by Quarter for Apogee Enterprises (NASDAQ:APOG)

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