Arrowstreet Capital Limited Partnership lifted its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 54.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,631 shares of the industrial products company's stock after buying an additional 18,447 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.24% of Apogee Enterprises worth $3,758,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Endeavor Private Wealth Inc. bought a new stake in Apogee Enterprises during the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC purchased a new stake in shares of Apogee Enterprises during the fourth quarter worth about $40,000. KBC Group NV raised its stake in Apogee Enterprises by 46.7% during the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock valued at $92,000 after purchasing an additional 408 shares during the period. Vestcor Inc bought a new position in Apogee Enterprises in the 4th quarter worth approximately $106,000. Finally, Caprock Group LLC purchased a new stake in Apogee Enterprises during the 4th quarter valued at approximately $225,000. 94.05% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. DA Davidson decreased their price target on shares of Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. StockNews.com downgraded 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 report on Friday, January 10th. Finally, Singular Research raised Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th.
Read Our Latest Stock Analysis on APOG
Apogee Enterprises Price Performance
Shares of NASDAQ APOG traded down $0.03 during mid-day trading on Monday, hitting $46.47. 3,331 shares of the company's stock traded hands, compared to its average volume of 267,187. The company has a market capitalization of $1.02 billion, a P/E ratio of 10.38 and a beta of 0.85. Apogee Enterprises, Inc. has a 1 year low of $42.33 and a 1 year 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. The company's 50-day moving average is $47.67 and its two-hundred day moving average is $63.75.
Apogee Enterprises Company Profile
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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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