Franklin Resources Inc. Acquires 11,552 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Franklin Resources Inc. grew its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 35.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,247 shares of the industrial products company's stock after acquiring an additional 11,552 shares during the period. Franklin Resources Inc. owned 0.20% of Apogee Enterprises worth $3,160,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APOG. KBC Group NV increased its position in Apogee Enterprises by 46.7% during the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock worth $92,000 after buying an additional 408 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of Apogee Enterprises during the 4th quarter worth about $32,000. LPL Financial LLC raised its stake in shares of Apogee Enterprises by 14.6% in the 4th quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company's stock valued at $304,000 after acquiring an additional 541 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Apogee Enterprises in the 4th quarter valued at approximately $40,000. Finally, Diversified Trust Co lifted its holdings in Apogee Enterprises by 10.5% in the 4th quarter. Diversified Trust Co now owns 7,673 shares of the industrial products company's stock worth $548,000 after purchasing an additional 730 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on APOG shares. Sidoti raised shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th. Singular Research raised shares of Apogee Enterprises to a "moderate buy" rating in a research report on Tuesday, January 14th. DA Davidson lowered their price target on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com lowered Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 9th.

Apogee Enterprises Stock Performance

Shares of Apogee Enterprises stock traded down $0.17 during midday trading on Friday, hitting $45.54. The company had a trading volume of 251,260 shares, compared to its average volume of 192,219. Apogee Enterprises, Inc. has a 1-year low of $42.33 and a 1-year high of $87.93. The business's 50 day simple moving average is $47.30 and its two-hundred day simple moving average is $63.17. The stock has a market cap of $999.74 million, a PE ratio of 10.17 and a beta of 0.85. 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 Company Profile

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).