Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 708,961 shares of the industrial products company’s stock after selling 72,431 shares during the quarter. Pacer Advisors Inc. owned approximately 3.23% of Apogee Enterprises worth $50,627,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Kingsview Wealth Management LLC acquired a new stake in shares of Apogee Enterprises in the third quarter valued at approximately $2,134,000. Farther Finance Advisors LLC grew 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 purchasing an additional 1,301 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Apogee Enterprises by 1.4% during the third quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock valued at $37,131,000 after buying an additional 7,382 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Apogee Enterprises during the third quarter worth approximately $1,800,000. Finally, Assenagon Asset Management S.A. grew its stake in Apogee Enterprises by 70.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock worth $11,369,000 after acquiring an additional 67,295 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises Price Performance

APOG stock opened at $52.98 on Tuesday. The company has a market cap of $1.16 billion, a PE ratio of 11.83 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 stock has a 50-day moving average price of $70.78 and a two-hundred day moving average price of $70.32. Apogee Enterprises, Inc. has a 12-month low of $49.58 and a 12-month 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, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $332.27 million. During the same quarter in the previous year, the business earned $1.23 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Tuesday, January 28th. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s dividend payout ratio (DPR) is currently 23.21%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on APOG. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. Singular Research raised Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. DA Davidson dropped their price objective on shares of 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 cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report 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).