Hillsdale Investment Management Inc. Sells 10,000 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Hillsdale Investment Management Inc. decreased its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,136 shares of the industrial products company’s stock after selling 10,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Apogee Enterprises were worth $6,080,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its holdings in Apogee Enterprises by 7.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company’s stock valued at $82,548,000 after buying an additional 75,438 shares in the last quarter. American Century Companies Inc. increased its position in Apogee Enterprises by 12.9% during the 4th quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company’s stock valued at $49,426,000 after purchasing an additional 79,009 shares during the period. Geode Capital Management LLC increased its position in Apogee Enterprises by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock valued at $37,131,000 after purchasing an additional 7,382 shares during the period. Principal Financial Group Inc. increased its position in Apogee Enterprises by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 117,770 shares of the industrial products company’s stock valued at $8,410,000 after purchasing an additional 4,373 shares during the period. Finally, FMR LLC increased its position in Apogee Enterprises by 12.5% during the 3rd quarter. FMR LLC now owns 104,690 shares of the industrial products company’s stock valued at $7,330,000 after purchasing an additional 11,627 shares during the period. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Apogee Enterprises Stock Down 0.8 %

Shares of Apogee Enterprises stock opened at $46.73 on Friday. The firm’s 50 day moving average price is $50.17 and its 200-day moving average price is $66.04. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. Apogee Enterprises, Inc. has a 52-week low of $45.33 and a 52-week high of $87.93. The company has a market cap of $1.03 billion, a P/E ratio of 10.43 and a beta of 1.04.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data 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 net margin of 7.14% and a return on equity of 23.14%. The firm had revenue of $341.30 million for the quarter, compared to the consensus estimate of $332.27 million. During the same quarter in the previous year, the firm earned $1.23 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.23%. The ex-dividend date was Tuesday, January 28th. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s payout ratio is currently 23.21%.

Apogee Enterprises Profile

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).