Norges Bank acquired a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 79,793 shares of the industrial products company's stock, valued at approximately $5,698,000. Norges Bank owned 0.36% of Apogee Enterprises as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new position in Apogee Enterprises during the fourth quarter worth $32,000. KBC Group NV increased its holdings 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 worth $92,000 after purchasing an additional 408 shares in the last quarter. Vestcor Inc bought a new position in shares of Apogee Enterprises in the fourth quarter valued at approximately $106,000. Caprock Group LLC bought a new stake in Apogee Enterprises during the fourth quarter worth $225,000. Finally, Centiva Capital LP bought a new position in Apogee Enterprises during the 3rd quarter valued at $245,000. 94.05% of the stock is owned by institutional investors and hedge funds.
Apogee Enterprises Stock Performance
Shares of NASDAQ APOG traded up $0.36 during trading on Tuesday, reaching $46.51. 9,883 shares of the stock traded hands, compared to its average volume of 265,349. 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 stock 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 52-week low of $42.33 and a 52-week high of $87.93. The company has a 50-day moving average of $47.60 and a 200-day moving average of $63.58.
Analyst Ratings Changes
Several research analysts recently weighed in on APOG shares. Singular Research upgraded shares of Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th. Sidoti upgraded Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th. StockNews.com lowered 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 target 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.
Read Our Latest Stock Analysis on APOG
Apogee Enterprises Company Profile
(
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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