JPMorgan Chase & Co. Buys 87,356 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

JPMorgan Chase & Co. lifted its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 87.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,744 shares of the industrial products company's stock after buying an additional 87,356 shares during the period. JPMorgan Chase & Co. owned about 0.85% of Apogee Enterprises worth $13,335,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of APOG. American Century Companies Inc. grew its stake in shares of Apogee Enterprises by 12.9% during the 4th quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company's stock worth $49,426,000 after acquiring an additional 79,009 shares in the last quarter. Victory Capital Management Inc. lifted its position in Apogee Enterprises by 7.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company's stock worth $82,548,000 after buying an additional 75,438 shares in the last quarter. Intech Investment Management LLC lifted its position in Apogee Enterprises by 170.1% during the 4th quarter. Intech Investment Management LLC now owns 87,537 shares of the industrial products company's stock worth $6,251,000 after buying an additional 55,122 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Apogee Enterprises by 70.7% during the 4th quarter. Prudential Financial Inc. now owns 117,548 shares of the industrial products company's stock worth $8,394,000 after buying an additional 48,680 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Apogee Enterprises by 179.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 54,700 shares of the industrial products company's stock valued at $3,898,000 after acquiring an additional 35,100 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Stock Up 0.3 %

Shares of Apogee Enterprises stock traded up $0.15 on Thursday, hitting $45.86. The company had a trading volume of 24,544 shares, compared to its average volume of 191,189. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. The stock has a 50 day moving average of $47.40 and a 200-day moving average of $63.34. Apogee Enterprises, Inc. has a 1 year low of $42.33 and a 1 year high of $87.93. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 10.26 and a beta of 0.85.

Analyst Upgrades and Downgrades

APOG has been the topic of several recent analyst reports. StockNews.com lowered Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 9th. Sidoti upgraded shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a research note on Friday, January 10th. Singular Research upgraded shares of Apogee Enterprises to a "moderate buy" rating in a research note on Tuesday, January 14th. Finally, DA Davidson decreased their price objective on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th.

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).