EntryPoint Capital LLC Invests $537,000 in Apogee Enterprises, Inc. (NASDAQ:APOG)

EntryPoint Capital LLC purchased a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,517 shares of the industrial products company’s stock, valued at approximately $537,000.

A number of other large investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new stake in shares of Apogee Enterprises in the fourth quarter worth about $32,000. Harvest Fund Management Co. Ltd bought a new stake in Apogee Enterprises during the 3rd quarter worth approximately $58,000. KBC Group NV raised its holdings in 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 period. Point72 Asia Singapore Pte. Ltd. lifted 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 buying an additional 396 shares in the last quarter. Finally, Vestcor Inc acquired a new position in shares of Apogee Enterprises in the fourth quarter valued at approximately $106,000. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Up 3.4 %

APOG stock opened at $48.31 on Tuesday. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 10.78 and a beta of 1.04. Apogee Enterprises, Inc. has a twelve month low of $45.33 and a twelve month high of $87.93. The business has a 50 day moving average price of $50.07 and a two-hundred day moving average price of $65.97. 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 (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 the consensus estimate of $1.11 by $0.08. The business had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $332.27 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The firm’s revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $1.23 earnings per share. Analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were paid a $0.26 dividend. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, January 28th. This represents a $1.04 annualized dividend and a yield of 2.15%. Apogee Enterprises’s dividend payout ratio is currently 23.21%.

Analyst Upgrades and Downgrades

Several research firms recently commented on APOG. DA Davidson cut their price objective 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. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. Singular Research raised Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th. Finally, StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th.

Apogee Enterprises Company 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).