Apogee Enterprises Inc. (APOG) Trading 2% Higher
Apogee Enterprises Inc. (NASDAQ:APOG)’s share price traded up 2% during trading on Wednesday . The company traded as high as $46.99 and last traded at $46.96, with a volume of 165,948 shares. The stock had previously closed at $46.05.
A number of equities analysts have commented on the company. Goldman Sachs Group Inc. lowered Apogee Enterprises from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $53.00 to $50.00 in a research note on Monday. Zacks Investment Research upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, June 7th.
The company has a 50-day moving average price of $44.91 and a 200-day moving average price of $41.92. The company has a market cap of $1.37 billion and a PE ratio of 19.59.
Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Wednesday, June 22nd. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. During the same quarter in the previous year, the firm earned $0.41 EPS. The business earned $247.88 million during the quarter. The firm’s revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Apogee Enterprises Inc. will post $2.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Tuesday, July 12th will be paid a $0.125 dividend. The ex-dividend date is Friday, July 8th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.05%.
In other news, Director Robert J. Marzec sold 4,311 shares of the business’s stock in a transaction that occurred on Friday, April 15th. The stock was sold at an average price of $45.00, for a total value of $193,995.00. Following the transaction, the director now owns 27,617 shares in the company, valued at approximately $1,242,765. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph F. Puishys sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $45.95, for a total value of $3,446,250.00. Following the completion of the transaction, the chief executive officer now owns 290,553 shares in the company, valued at approximately $13,350,910.35. The disclosure for this sale can be found here.
Several institutional investors have made changes to their positions in APOG. Advisors Asset Management Inc. increased its position in shares of Apogee Enterprises by 1.3% in the fourth quarter. Advisors Asset Management Inc. now owns 23,076 shares of the company’s stock worth $1,004,000 after buying an additional 304 shares during the last quarter. Rhumbline Advisers increased its position in Apogee Enterprises by 8.6% in the fourth quarter. Rhumbline Advisers now owns 37,636 shares of the company’s stock valued at $1,638,000 after buying an additional 2,995 shares during the last quarter. Trexquant Investment LP increased its position in Apogee Enterprises by 25.1% in the fourth quarter. Trexquant Investment LP now owns 38,986 shares of the company’s stock valued at $1,696,000 after buying an additional 7,824 shares during the last quarter. California Public Employees Retirement System increased its position in Apogee Enterprises by 3.4% in the fourth quarter. California Public Employees Retirement System now owns 69,300 shares of the company’s stock valued at $3,015,000 after buying an additional 2,300 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in Apogee Enterprises by 9.9% in the fourth quarter. Nationwide Fund Advisors now owns 72,079 shares of the company’s stock valued at $3,136,000 after buying an additional 6,479 shares during the last quarter.
Apogee Enterprises, Inc is engaged in the design and development of value-added glass solutions for enclosing commercial buildings and framing art. The Company operates in four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies. The Architectural Glass segment fabricates glass used in customized window and curtainwall systems comprising the outside skin of buildings.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.