Bessemer Group Inc. bought a new position in Apogee Enterprises Inc (NASDAQ:APOG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,500 shares of the industrial products company’s stock, valued at approximately $45,000.

A number of other hedge funds and other institutional investors have also modified their holdings of APOG. First Bank & Trust increased its stake in shares of Apogee Enterprises by 73.1% in the fourth quarter. First Bank & Trust now owns 3,565 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 1,505 shares during the period. Pacer Advisors Inc. increased its stake in shares of Apogee Enterprises by 217.8% in the third quarter. Pacer Advisors Inc. now owns 4,545 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 3,115 shares during the period. Alambic Investment Management L.P. acquired a new stake in shares of Apogee Enterprises in the third quarter valued at approximately $219,000. WINTON GROUP Ltd acquired a new stake in shares of Apogee Enterprises in the fourth quarter valued at approximately $246,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Apogee Enterprises in the third quarter valued at approximately $350,000. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Jerome L. Davis sold 9,276 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $37.63, for a total transaction of $349,055.88. Following the transaction, the director now owns 17,251 shares in the company, valued at $649,155.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is owned by company insiders.

NASDAQ APOG opened at $35.70 on Tuesday. Apogee Enterprises Inc has a 12 month low of $26.38 and a 12 month high of $50.87. The company has a current ratio of 1.75, a quick ratio of 1.38 and a debt-to-equity ratio of 0.44. The company has a market cap of $957.13 million, a P/E ratio of 11.52, a P/E/G ratio of 0.98 and a beta of 1.61.

Several brokerages have commented on APOG. BidaskClub upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. ValuEngine upgraded shares of Apogee Enterprises from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. Craig Hallum set a $48.00 price objective on shares of Apogee Enterprises and gave the company a “buy” rating in a research note on Friday, December 21st. Finally, Sidoti lowered shares of Apogee Enterprises from a “buy” rating to a “neutral” rating in a research note on Monday, February 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.50.

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About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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Institutional Ownership by Quarter for Apogee Enterprises (NASDAQ:APOG)

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