Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can lifted its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,734 shares of the industrial products company’s stock after purchasing an additional 298 shares during the quarter. Bank of Montreal Can’s holdings in Apogee Enterprises were worth $552,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Federated Hermes Inc. boosted its stake in Apogee Enterprises by 2.6% during the 4th quarter. Federated Hermes Inc. now owns 53,679 shares of the industrial products company’s stock valued at $3,833,000 after purchasing an additional 1,354 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Apogee Enterprises during the fourth quarter worth about $228,000. Wells Fargo & Company MN lifted its holdings in Apogee Enterprises by 13.8% in the 4th quarter. Wells Fargo & Company MN now owns 18,630 shares of the industrial products company’s stock valued at $1,330,000 after acquiring an additional 2,255 shares during the last quarter. Integrated Quantitative Investments LLC bought a new position in shares of Apogee Enterprises during the 4th quarter valued at about $1,050,000. Finally, Trexquant Investment LP raised its holdings in shares of Apogee Enterprises by 27.9% in the 4th quarter. Trexquant Investment LP now owns 7,798 shares of the industrial products company’s stock worth $557,000 after purchasing an additional 1,702 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Price Performance

NASDAQ APOG opened at $44.49 on Tuesday. The company has a 50 day simple moving average of $47.08 and a 200-day simple moving average of $62.65. Apogee Enterprises, Inc. has a 52-week low of $42.33 and a 52-week high of $87.93. The firm has a market capitalization of $976.69 million, a price-to-earnings ratio of 9.93 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.

Analysts Set New Price Targets

Several research firms have issued reports on APOG. DA Davidson dropped 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. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. Finally, StockNews.com lowered shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th.

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).