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

Canada Pension Plan Investment Board purchased a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,100 shares of the industrial products company’s stock, valued at approximately $507,000.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Apogee Enterprises by 87.9% during the fourth quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company’s stock worth $13,335,000 after buying an additional 87,356 shares in the last quarter. Renaissance Technologies LLC raised its stake in Apogee Enterprises by 196.2% in the 4th quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company’s stock worth $8,775,000 after purchasing an additional 81,400 shares in the last quarter. Norges Bank bought a new stake in Apogee Enterprises in the 4th quarter valued at about $5,698,000. American Century Companies Inc. boosted its holdings in Apogee Enterprises by 12.9% in the 4th quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company’s stock valued at $49,426,000 after purchasing an additional 79,009 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Apogee Enterprises by 7.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company’s stock worth $82,548,000 after purchasing an additional 75,438 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Stock Down 12.7 %

NASDAQ APOG opened at $40.08 on Friday. The business has a fifty day moving average price of $46.75 and a two-hundred day moving average price of $62.15. The stock has a market capitalization of $879.88 million, a PE ratio of 8.95 and a beta of 0.85. Apogee Enterprises, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $87.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.01). Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The business had revenue of $345.69 million for the quarter, compared to the consensus estimate of $331.82 million. Equities analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors 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 yield of 2.59%. The ex-dividend date is Tuesday, May 13th. Apogee Enterprises’s dividend payout ratio is 23.21%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on APOG shares. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th. Finally, DA Davidson cut their price objective on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research 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).