Burney Co. Has $466,000 Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Burney Co. lessened its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,525 shares of the industrial products company’s stock after selling 825 shares during the quarter. Burney Co.’s holdings in Apogee Enterprises were worth $466,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased 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 purchasing an additional 163 shares in the last quarter. CWM LLC increased its position in shares of Apogee Enterprises by 19.9% in the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock valued at $80,000 after buying an additional 190 shares in the last quarter. Diversified Trust Co raised its stake in Apogee Enterprises by 3.6% during the 3rd quarter. Diversified Trust Co now owns 6,943 shares of the industrial products company’s stock worth $486,000 after buying an additional 243 shares during the period. Moran Wealth Management LLC lifted its holdings in Apogee Enterprises by 0.3% during the third quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company’s stock worth $6,887,000 after acquiring an additional 304 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in Apogee Enterprises by 44.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 396 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Trading Up 2.4 %

NASDAQ:APOG opened at $55.69 on Friday. The company has a market cap of $1.22 billion, a P/E ratio of 12.43 and a beta of 1.04. Apogee Enterprises, Inc. has a twelve month low of $49.58 and a twelve month high of $87.93. The business has a 50 day moving average price of $74.17 and a two-hundred day moving average price of $70.40. The company has a quick ratio of 1.32, a current ratio of 1.63 and a debt-to-equity ratio of 0.52.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, beating 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 business had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. During the same quarter last year, the firm earned $1.23 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts expect that Apogee Enterprises, Inc. will post 4.96 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders 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 yield of 1.87%. 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. Apogee Enterprises’s dividend payout ratio (DPR) is currently 22.32%.

Analysts Set New Price Targets

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