30,741 Shares in Apogee Enterprises, Inc. (NASDAQ:APOG) Bought by Zacks Investment Management

Zacks Investment Management bought a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,741 shares of the industrial products company's stock, valued at approximately $2,195,000. Zacks Investment Management owned about 0.14% of Apogee Enterprises at the end of the most recent quarter.

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

Apogee Enterprises Trading Up 1.5 %

Apogee Enterprises stock traded up $0.68 during mid-day trading on Wednesday, hitting $46.29. 23,503 shares of the company's stock were exchanged, compared to its average volume of 190,708. The company's 50 day simple moving average is $47.01 and its 200-day simple moving average is $62.53. 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 firm has a market capitalization of $1.02 billion, a P/E ratio of 10.33 and a beta of 0.85. Apogee Enterprises, Inc. has a fifty-two week low of $42.33 and a fifty-two week high of $87.93.

Apogee Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.25%. Apogee Enterprises's dividend payout ratio is currently 23.21%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on APOG. Singular Research raised shares of Apogee Enterprises to a "moderate buy" rating in a research note on Tuesday, January 14th. StockNews.com cut shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 9th. Sidoti upgraded Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th. Finally, DA Davidson dropped their price objective on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating for the company in a report on Wednesday, January 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).