Renaissance Technologies LLC Boosts Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Renaissance Technologies LLC grew its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 196.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,883 shares of the industrial products company’s stock after acquiring an additional 81,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Apogee Enterprises were worth $8,775,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in APOG. Bank of Montreal Can raised its stake in Apogee Enterprises by 4.0% in the 4th quarter. Bank of Montreal Can now owns 7,734 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 298 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Apogee Enterprises by 2.6% in the fourth quarter. Federated Hermes Inc. now owns 53,679 shares of the industrial products company’s stock valued at $3,833,000 after buying an additional 1,354 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Apogee Enterprises in the fourth quarter worth about $228,000. Wells Fargo & Company MN boosted its position in Apogee Enterprises by 13.8% during the fourth quarter. Wells Fargo & Company MN now owns 18,630 shares of the industrial products company’s stock worth $1,330,000 after acquiring an additional 2,255 shares during the last quarter. Finally, Integrated Quantitative Investments LLC purchased a new stake in Apogee Enterprises during the 4th quarter valued at about $1,050,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. DA Davidson dropped 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 lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $45.54 on Friday. The firm has a 50 day simple moving average of $47.30 and a 200-day simple moving average of $63.17. The stock has a market cap of $999.74 million, a price-to-earnings ratio of 10.17 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. Apogee Enterprises, Inc. has a 1-year low of $42.33 and a 1-year high of $87.93.

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).