Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 179.1% in the 4th quarter, HoldingsChannel reports. The fund owned 54,700 shares of the industrial products company’s stock after acquiring an additional 35,100 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Apogee Enterprises were worth $3,898,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of APOG. Endeavor Private Wealth Inc. acquired a new stake in shares of Apogee Enterprises during the 4th quarter worth $32,000. Gladius Capital Management LP acquired a new stake in shares of Apogee Enterprises during the 3rd quarter worth $33,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Apogee Enterprises during the 3rd quarter worth $58,000. Point72 Asia Singapore Pte. Ltd. increased its holdings 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 worth $91,000 after buying an additional 396 shares during the last quarter. Finally, KBC Group NV increased its holdings 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 worth $92,000 after buying an additional 408 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises Stock Up 4.0 %

Shares of NASDAQ APOG opened at $48.41 on Monday. Apogee Enterprises, Inc. has a 12-month low of $45.33 and a 12-month high of $87.93. The company has a market cap of $1.06 billion, a P/E ratio of 10.81 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 fifty day moving average price of $51.15 and a 200 day moving average price of $66.72.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. During the same period in the prior year, the firm earned $1.23 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Research analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS 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 dividend of $0.26 per share. The ex-dividend date was Tuesday, January 28th. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.15%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 23.21%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. DA Davidson dropped their price objective on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th. Finally, Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th.

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).