Apogee Enterprises Inc. (APOG) Shares Up 1.4%
Apogee Enterprises Inc. (NASDAQ:APOG) shares shot up 1.4% during mid-day trading on Wednesday . The company traded as high as $47.15 and last traded at $47.11, with a volume of 115,809 shares. The stock had previously closed at $46.46.
A number of brokerages have recently issued reports on APOG. Zacks Investment Research upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. lowered shares of Apogee Enterprises from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $53.00 to $50.00 in a research note on Monday, July 11th.
The stock has a market cap of $1.36 billion and a price-to-earnings ratio of 19.56. The stock has a 50-day moving average price of $46.96 and a 200 day moving average price of $43.22.
Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Wednesday, June 22nd. The company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.12. During the same quarter last year, the business earned $0.41 EPS. The company had revenue of $247.88 million for the quarter. Apogee Enterprises’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts predict that Apogee Enterprises Inc. will post $2.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Tuesday, July 12th were given a $0.125 dividend. The ex-dividend date was Friday, July 8th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.06%.
In other news, Director Robert J. Marzec sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $48.04, for a total value of $144,120.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sara L. Hays sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $47.00, for a total transaction of $94,000.00. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have bought and sold shares of APOG. King Luther Capital Management Corp acquired a new position in Apogee Enterprises during the fourth quarter worth about $7,486,000. Morgan Stanley increased its position in Apogee Enterprises by 38.3% in the fourth quarter. Morgan Stanley now owns 284,012 shares of the company’s stock worth $12,357,000 after buying an additional 78,635 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 worth $1,696,000 after buying an additional 7,824 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 worth $1,638,000 after buying an additional 2,995 shares during the last quarter. Finally, 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 worth $3,015,000 after buying an additional 2,300 shares during the last quarter.
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
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