Sei Investments Co. reduced its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 76.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,734 shares of the industrial products company's stock after selling 18,557 shares during the period. Sei Investments Co.'s holdings in Apogee Enterprises were worth $409,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in Apogee Enterprises by 1.4% in the third quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company's stock worth $37,131,000 after buying an additional 7,382 shares during the last quarter. Inspire Investing LLC bought a new stake in Apogee Enterprises in the fourth quarter valued at about $824,000. Raymond James Financial Inc. bought a new position in shares of Apogee Enterprises during the 4th quarter worth approximately $706,000. Ritholtz Wealth Management increased its position in shares of Apogee Enterprises by 69.0% during the 4th quarter. Ritholtz Wealth Management now owns 22,095 shares of the industrial products company's stock worth $1,578,000 after purchasing an additional 9,019 shares in the last quarter. Finally, FMR LLC lifted its holdings in Apogee Enterprises by 12.5% during the 3rd quarter. FMR LLC now owns 104,690 shares of the industrial products company's stock valued at $7,330,000 after purchasing an additional 11,627 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.
Apogee Enterprises Trading Down 0.3 %
NASDAQ APOG traded down $0.16 during trading on Wednesday, reaching $46.01. 12,117 shares of the stock traded hands, compared to its average volume of 190,958. Apogee Enterprises, Inc. has a fifty-two week low of $42.33 and a fifty-two week high of $87.93. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 10.27 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. The stock's 50-day moving average price is $47.50 and its 200 day moving average price is $63.46.
Analysts Set New Price Targets
A number of research firms have recently issued reports on APOG. Singular Research upgraded shares of Apogee Enterprises to a "moderate buy" rating in a research note on Tuesday, January 14th. StockNews.com lowered shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 9th. Sidoti upgraded Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th. Finally, DA Davidson decreased their price target on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th.
Get Our Latest Stock Report on Apogee Enterprises
About Apogee Enterprises
(
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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