Canada Pension Plan Investment Board Invests $507,000 in Apogee Enterprises, Inc. (NASDAQ:APOG)

Canada Pension Plan Investment Board bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,100 shares of the industrial products company's stock, valued at approximately $507,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of APOG. Bank of Montreal Can lifted its stake in Apogee Enterprises by 4.0% in the 4th quarter. Bank of Montreal Can now owns 7,734 shares of the industrial products company's stock valued at $552,000 after acquiring an additional 298 shares in the last quarter. KBC Group NV increased its stake in Apogee Enterprises by 46.7% in the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock valued at $92,000 after buying an additional 408 shares during the last quarter. Sterling Capital Management LLC lifted its position in Apogee Enterprises by 6.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,986 shares of the industrial products company's stock worth $499,000 after buying an additional 427 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of Apogee Enterprises during the 4th quarter worth about $32,000. Finally, LPL Financial LLC grew its holdings in shares of Apogee Enterprises by 14.6% in the 4th quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company's stock valued at $304,000 after acquiring an additional 541 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Trading Up 1.9 %

APOG traded up $0.74 during trading on Tuesday, reaching $40.48. 98,542 shares of the stock traded hands, compared to its average volume of 192,562. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. The stock's 50-day moving average is $46.36 and its 200 day moving average is $61.40. Apogee Enterprises, Inc. has a 12 month low of $38.67 and a 12 month high of $87.93. The stock has a market capitalization of $888.66 million, a PE ratio of 9.00 and a beta of 0.85.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its earnings results on Thursday, April 24th. The industrial products company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.01). The business had revenue of $345.69 million for the quarter, compared to analyst estimates of $331.82 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The company's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.14 EPS. Equities analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Tuesday, May 13th. Apogee Enterprises's dividend payout ratio is currently 26.80%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on APOG. Sidoti raised shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th. StockNews.com downgraded Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Friday. DA Davidson decreased their price target on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, Singular Research upgraded Apogee Enterprises to a "moderate buy" rating in a research note on Tuesday, January 14th.

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).