Connor Clark & Lunn Investment Management Ltd. Has $4.47 Million Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Connor Clark & Lunn Investment Management Ltd. grew its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 11.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,817 shares of the industrial products company’s stock after buying an additional 6,793 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.29% of Apogee Enterprises worth $4,468,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in Apogee Enterprises by 15.5% in the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock worth $57,620,000 after purchasing an additional 122,811 shares during the period. American Century Companies Inc. lifted its holdings in shares of Apogee Enterprises by 23.2% in the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock valued at $33,225,000 after purchasing an additional 99,495 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Apogee Enterprises by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 303,220 shares of the industrial products company’s stock worth $19,053,000 after buying an additional 3,881 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Apogee Enterprises by 70.8% during the third quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock valued at $11,369,000 after buying an additional 67,295 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in Apogee Enterprises by 4.6% during the second quarter. Panagora Asset Management Inc. now owns 136,578 shares of the industrial products company’s stock valued at $8,582,000 after buying an additional 5,964 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Apogee Enterprises Trading Up 1.4 %

NASDAQ APOG opened at $83.22 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. Apogee Enterprises, Inc. has a 1-year low of $44.46 and a 1-year high of $87.93. The firm’s fifty day simple moving average is $76.51 and its 200-day simple moving average is $68.16. The company has a market capitalization of $1.83 billion, a PE ratio of 17.52 and a beta of 0.97.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share 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 business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $1.36 EPS. As a group, sell-side analysts anticipate that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

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

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).