CX Institutional Makes New Investment in Apogee Enterprises, Inc. (NASDAQ:APOG)

CX Institutional purchased a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 53,926 shares of the industrial products company's stock, valued at approximately $2,498,000. CX Institutional owned approximately 0.25% of Apogee Enterprises as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. bought a new stake in Apogee Enterprises in the first quarter valued at $691,000. SG Americas Securities LLC bought a new stake in Apogee Enterprises in the first quarter valued at $280,000. Wedge Capital Management L L P NC boosted its holdings in Apogee Enterprises by 65.4% in the first quarter. Wedge Capital Management L L P NC now owns 26,372 shares of the industrial products company's stock valued at $1,222,000 after acquiring an additional 10,426 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Apogee Enterprises by 1,594.7% in the first quarter. GAMMA Investing LLC now owns 10,795 shares of the industrial products company's stock valued at $500,000 after acquiring an additional 10,158 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in Apogee Enterprises by 16.3% in the first quarter. Moody National Bank Trust Division now owns 23,536 shares of the industrial products company's stock valued at $1,090,000 after acquiring an additional 3,298 shares in the last quarter. Institutional investors own 94.05% of the company's stock.

Apogee Enterprises Stock Down 2.9%

Apogee Enterprises stock traded down $1.17 on Friday, hitting $38.55. 163,643 shares of the stock traded hands, compared to its average volume of 195,334. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The firm has a market cap of $831.64 million, a P/E ratio of 8.60 and a beta of 0.97. The business's fifty day simple moving average is $41.37 and its 200 day simple moving average is $51.77. Apogee Enterprises, Inc. has a 1 year low of $37.70 and a 1 year high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $345.69 million for the quarter, compared to analysts' expectations of $331.82 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The business's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.14 EPS. As a group, sell-side analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Tuesday, May 13th. Apogee Enterprises's dividend payout ratio is presently 26.80%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

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).