Inspire Investing LLC Invests $824,000 in Apogee Enterprises, Inc. (NASDAQ:APOG)

Inspire Investing LLC acquired a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,534 shares of the industrial products company’s stock, valued at approximately $824,000. Inspire Investing LLC owned about 0.05% of Apogee Enterprises at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new stake in Apogee Enterprises in the fourth quarter valued at about $32,000. Gladius Capital Management LP acquired a new position in Apogee Enterprises in the third quarter valued at about $33,000. GAMMA Investing LLC grew its stake in Apogee Enterprises by 43.2% in the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 163 shares during the period. Quarry LP grew its stake in Apogee Enterprises by 959.4% in the second quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 662 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in Apogee Enterprises in the third quarter valued at about $58,000. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $55.04 on Friday. The firm has a market cap of $1.21 billion, a P/E ratio of 12.29 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. Apogee Enterprises, Inc. has a 1-year low of $49.58 and a 1-year high of $87.93. The business’s 50 day moving average is $71.34 and its 200-day moving average is $70.21.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly 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. The business had revenue of $341.30 million for 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 firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 earnings per share. Equities research analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th will be issued a dividend of $0.26 per share. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, January 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.89%. Apogee Enterprises’s dividend payout ratio (DPR) is 22.32%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Singular Research raised Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th. DA Davidson reduced their price objective on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research 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).