Aviva PLC Lowers Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Aviva PLC decreased its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 23.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,537 shares of the industrial products company’s stock after selling 2,293 shares during the quarter. Aviva PLC’s holdings in Apogee Enterprises were worth $538,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in APOG. Geode Capital Management LLC grew its stake in shares of 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 valued at $37,131,000 after buying an additional 7,382 shares in the last quarter. Inspire Investing LLC purchased a new stake in Apogee Enterprises during the fourth quarter worth about $824,000. Ritholtz Wealth Management increased its stake in Apogee Enterprises by 69.0% during the fourth 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 during the period. Raymond James Financial Inc. acquired a new stake in shares of Apogee Enterprises during the fourth quarter worth about $706,000. Finally, FMR LLC grew its holdings in shares of Apogee Enterprises by 12.5% in the third 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 in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Apogee Enterprises Stock Up 0.6 %

Shares of Apogee Enterprises stock opened at $46.50 on Friday. 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 52-week low of $42.33 and a 52-week high of $87.93. The company has a market capitalization of $1.02 billion, a P/E ratio of 10.38 and a beta of 0.85. The company has a 50 day moving average of $47.67 and a 200 day moving average of $63.79.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. As a group, research analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises 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).