JPMorgan Chase & Co. lifted its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 87.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,744 shares of the industrial products company's stock after acquiring an additional 87,356 shares during the period. JPMorgan Chase & Co. owned 0.85% of Apogee Enterprises worth $13,335,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new position in Apogee Enterprises in the fourth quarter worth approximately $32,000. KBC Group NV grew its stake in Apogee Enterprises by 46.7% in the fourth 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. Vestcor Inc bought a new position in Apogee Enterprises in the fourth quarter worth about $106,000. Caprock Group LLC bought a new stake in shares of Apogee Enterprises in the 4th quarter valued at about $225,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Apogee Enterprises during the 3rd quarter worth approximately $275,000. 94.05% of the stock is owned by hedge funds and other institutional investors.
Apogee Enterprises Stock Down 2.4 %
Apogee Enterprises stock traded down $1.09 during mid-day trading on Wednesday, hitting $45.08. The company had a trading volume of 72,781 shares, compared to its average volume of 191,207. The stock has a market cap of $989.64 million, a price-to-earnings ratio of 10.06 and a beta of 0.85. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. Apogee Enterprises, Inc. has a 1 year low of $42.33 and a 1 year high of $87.93. The business has a fifty day moving average of $47.50 and a 200 day moving average of $63.46.
Wall Street Analysts Forecast Growth
APOG has been the topic of a number of research reports. Singular Research raised Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th. StockNews.com cut shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 9th. Sidoti raised Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th. Finally, DA Davidson lowered their target price on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th.
Check Out Our Latest Stock Analysis on Apogee Enterprises
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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