Connor Clark & Lunn Investment Management Ltd. Buys 6,793 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 11.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 63,817 shares of the industrial products company’s stock after purchasing an additional 6,793 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Apogee Enterprises were worth $4,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Gladius Capital Management LP acquired a new position in Apogee Enterprises in the 3rd quarter valued at $33,000. GAMMA Investing LLC grew its position in shares of 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 during the last quarter. Quarry LP grew its position in shares of 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 purchasing an additional 662 shares during the last quarter. EntryPoint Capital LLC increased its stake in shares of Apogee Enterprises by 31.4% in the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 222 shares during the period. Finally, CWM LLC boosted its stake in Apogee Enterprises by 290.6% during the 2nd quarter. CWM LLC now owns 957 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 712 shares during the period. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Up 1.4 %

NASDAQ APOG opened at $83.22 on Friday. Apogee Enterprises, Inc. has a twelve month low of $44.46 and a twelve month high of $87.93. The stock has a market cap of $1.83 billion, a PE ratio of 17.52 and a beta of 0.97. The firm has a 50-day simple moving average of $76.51 and a 200 day simple moving average of $68.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.21. The company had revenue of $342.40 million during the quarter, compared to the consensus estimate of $335.31 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.36 EPS. On average, research analysts forecast that Apogee Enterprises, Inc. will post 5.06 EPS for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio is 21.05%.

Analyst Ratings Changes

Several brokerages have commented on APOG. DA Davidson lifted their price target on Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th.

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).