Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 11.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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. owned approximately 0.29% of Apogee Enterprises worth $4,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in shares of Apogee Enterprises in the 2nd quarter valued at $3,547,000. Renaissance Technologies LLC increased its holdings in shares of Apogee Enterprises by 1,004.1% in the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company's stock valued at $4,567,000 after acquiring an additional 66,100 shares during the period. Farther Finance Advisors LLC increased its stake in Apogee Enterprises by 2,602.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,351 shares of the industrial products company's stock valued at $95,000 after buying an additional 1,301 shares during the period. Quest Partners LLC increased its stake in Apogee Enterprises by 115,311.1% in the 2nd quarter. Quest Partners LLC now owns 10,387 shares of the industrial products company's stock valued at $653,000 after buying an additional 10,378 shares during the period. Finally, American Century Companies Inc. increased its stake in Apogee Enterprises by 23.2% in the 2nd quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company's stock valued at $33,225,000 after buying an additional 99,495 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Price Performance

Shares of Apogee Enterprises stock traded up $1.11 on Friday, hitting $83.22. The company's stock had a trading volume of 98,017 shares, compared to its average volume of 138,056. Apogee Enterprises, Inc. has a 52-week low of $44.46 and a 52-week high of $87.93. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $76.51 and a 200-day moving average price of $68.17. The company has a market capitalization of $1.83 billion, a P/E ratio of 17.52 and a beta of 0.97.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.23 by $0.21. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The business had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. During the same period in the previous year, the firm earned $1.36 EPS. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities research analysts expect that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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).