Alliancebernstein L.P. grew its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 104.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,438 shares of the industrial products company's stock after acquiring an additional 22,188 shares during the quarter. Alliancebernstein L.P. owned about 0.20% of Apogee Enterprises worth $3,102,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of APOG. Endeavor Private Wealth Inc. acquired a new position in Apogee Enterprises during the fourth quarter worth $32,000. New Age Alpha Advisors LLC bought a new position in Apogee Enterprises in the 4th quarter valued at about $40,000. Meeder Asset Management Inc. acquired a new position in Apogee Enterprises during the 4th quarter valued at about $57,000. KBC Group NV raised 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 worth $92,000 after purchasing an additional 408 shares during the last quarter. Finally, Vestcor Inc bought a new position in shares of Apogee Enterprises in the fourth quarter valued at approximately $106,000. 94.05% of the stock is owned by institutional investors and hedge funds.
Apogee Enterprises Stock Performance
APOG stock traded down $0.17 during midday trading on Friday, hitting $45.54. The company's stock had a trading volume of 251,260 shares, compared to its average volume of 191,699. The stock has a market cap of $999.74 million, a price-to-earnings ratio of 10.17 and a beta of 0.85. 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 price is $47.19 and its 200 day moving average price is $62.93. Apogee Enterprises, Inc. has a 1 year low of $42.33 and a 1 year high of $87.93.
Analysts Set New Price Targets
APOG has been the subject of several recent research reports. Singular Research upgraded Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th. Sidoti upgraded shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a research note on Friday, January 10th. StockNews.com lowered shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 9th. Finally, DA Davidson reduced 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.
Get Our Latest Research Report on Apogee Enterprises
About Apogee Enterprises
(
Free Report)
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).
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