Abacus FCF Advisors LLC Boosts Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Abacus FCF Advisors LLC raised its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 46.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,966 shares of the industrial products company's stock after buying an additional 15,500 shares during the period. Abacus FCF Advisors LLC owned about 0.22% of Apogee Enterprises worth $3,497,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Endeavor Private Wealth Inc. purchased a new position in Apogee Enterprises in the fourth quarter worth $32,000. New Age Alpha Advisors LLC purchased a new position in shares of Apogee Enterprises in the 4th quarter worth about $40,000. Meeder Asset Management Inc. purchased a new position in shares of Apogee Enterprises in the 4th quarter worth about $57,000. KBC Group NV increased its position in shares of 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 last quarter. Finally, Vestcor Inc purchased a new position in shares of Apogee Enterprises during the 4th quarter valued at about $106,000. Institutional investors own 94.05% of the company's stock.

Apogee Enterprises Trading Up 0.6 %

APOG stock traded up $0.26 during midday trading on Friday, hitting $46.50. The company had a trading volume of 119,518 shares, compared to its average volume of 191,409. The stock has a market cap of $1.02 billion, a price-to-earnings 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 current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The stock's 50 day moving average price is $47.67 and its 200 day moving average price is $63.75.

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Analysts Set New Price Targets

Several brokerages have issued reports on APOG. DA Davidson cut their target price on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. StockNews.com lowered shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 9th. Singular Research raised shares of Apogee Enterprises to a "moderate buy" rating in a research note on Tuesday, January 14th. Finally, Sidoti upgraded shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th.

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).