Apogee Enterprises, Inc. $APOG Shares Newly Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased 57,049 shares of Apogee Enterprises in the second quarter, valued at approximately $2.6 million, giving it a 0.27% stake. Institutional investors collectively own 94.05% of the company.
• Analyst sentiment is mixed but leans positive: Apogee has a consensus rating of “Moderate Buy” and an average price target of $70.50, despite recent upgrades and downgrades.
• Apogee shares opened at $35.37 and were down 1.3%, trading below their 50-day and 200-day moving averages. The company has a market capitalization of about $738 million and a P/E ratio of 11.09.

Bank of America Corp DE bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,049 shares of the industrial products company's stock, valued at approximately $2,609,000. Bank of America Corp DE owned approximately 0.27% of Apogee Enterprises as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in Apogee Enterprises by 38.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company's stock worth $36,000 after purchasing an additional 296 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Apogee Enterprises by 79.5% during the fourth quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 556 shares during the last quarter. Quantbot Technologies LP bought a new stake in Apogee Enterprises during the second quarter valued at $39,000. Parallel Advisors LLC acquired a new stake in shares of Apogee Enterprises during the first quarter worth $30,000. Finally, GAMMA Investing LLC raised its holdings in shares of Apogee Enterprises by 82.1% during the second quarter. GAMMA Investing LLC now owns 2,436 shares of the industrial products company's stock worth $111,000 after purchasing an additional 1,098 shares during the period. Institutional investors own 94.05% of the company's stock.

Analysts Set New Price Targets

APOG has been the subject of several recent research reports. Weiss Ratings raised Apogee Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, September 24th. Zacks Research lowered Apogee Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 31st. Finally, Wall Street Zen raised Apogee Enterprises from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.50.

Apogee Enterprises Trading Down 1.3%

Shares of NASDAQ:APOG opened at $35.37 on Thursday. The company has a 50 day moving average of $39.76 and a 200-day moving average of $38.08. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46. The firm has a market cap of $738.17 million, a P/E ratio of 11.09, a P/E/G ratio of 1.01 and a beta of 1.14. Apogee Enterprises, Inc. has a twelve month low of $30.75 and a twelve month high of $50.88.

About Apogee Enterprises

Apogee Enterprises, Inc is a manufacturer of architectural products and a provider of services used in the design and construction of commercial buildings. The company's offerings include architectural glass, aluminum framing systems, windows, curtainwall systems and related building-envelope products. Its products are used in offices, educational facilities, healthcare buildings, hotels, airports and other large-scale structures.

Apogee also provides architectural and project-management services, including the design, engineering, fabrication and installation of custom building façades.

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