Franklin Resources Inc. Has $3.16 Million Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Franklin Resources Inc. raised its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 35.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 44,247 shares of the industrial products company's stock after purchasing 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.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Apogee Enterprises by 87.9% in the fourth quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock worth $13,335,000 after purchasing an additional 87,356 shares during the period. Norges Bank acquired a new position in shares of Apogee Enterprises in the 4th quarter valued at about $5,698,000. American Century Companies Inc. grew its position 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 valued at $49,426,000 after buying an additional 79,009 shares during the last quarter. Victory Capital Management Inc. raised its stake in Apogee Enterprises by 7.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company's stock worth $82,548,000 after acquiring an additional 75,438 shares during the period. Finally, Intech Investment Management LLC boosted its stake in Apogee Enterprises by 170.1% in the fourth quarter. Intech Investment Management LLC now owns 87,537 shares of the industrial products company's stock valued at $6,251,000 after acquiring an additional 55,122 shares during the period. Institutional investors own 94.05% of the company's stock.

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Apogee Enterprises Price Performance

Shares of APOG stock traded up $0.02 during mid-day trading on Tuesday, hitting $46.17. 228,383 shares of the stock traded hands, compared to its average volume of 191,653. 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 firm has a market cap of $1.01 billion, a price-to-earnings ratio of 10.31 and a beta of 0.85. The company's 50-day simple moving average is $47.50 and its 200-day simple moving average is $63.46. Apogee Enterprises, Inc. has a twelve month low of $42.33 and a twelve month high of $87.93.

Analysts Set New Price Targets

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

About Apogee Enterprises

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).