Geode Capital Management LLC Decreases Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Geode Capital Management LLC lessened its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 528,772 shares of the industrial products company’s stock after selling 1,454 shares during the period. Geode Capital Management LLC owned 2.41% of Apogee Enterprises worth $37,768,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Apogee Enterprises by 87.9% during the fourth quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company’s stock valued at $13,335,000 after buying an additional 87,356 shares during the last quarter. Norges Bank bought a new position in shares of Apogee Enterprises during the 4th quarter valued at approximately $5,698,000. American Century Companies Inc. boosted 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 acquiring an additional 79,009 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Apogee Enterprises by 7.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company’s stock valued at $82,548,000 after purchasing an additional 75,438 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in Apogee Enterprises by 170.1% during 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 purchasing an additional 55,122 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $46.17 on Wednesday. Apogee Enterprises, Inc. has a 1-year low of $42.33 and a 1-year high of $87.93. The company’s 50-day moving average is $47.50 and its 200 day moving average is $63.46. The firm has a market capitalization of $1.01 billion, a P/E ratio of 10.31 and a beta of 0.85. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27.

Wall Street Analyst Weigh In

A number of equities analysts have commented on APOG shares. Sidoti raised shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th. Finally, DA Davidson dropped their price objective on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th.

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).