Shares of Apogee Enterprises Inc. (NASDAQ:APOG) traded down 1.6% during mid-day trading on Thursday . The company traded as low as $46.23 and last traded at $47.63, with a volume of 250,915 shares trading hands. The stock had previously closed at $48.40.

A number of research firms have recently commented on APOG. Zacks Investment Research raised 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 report 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 company from $53.00 to $50.00 in a research report on Monday, July 11th.

The stock has a market cap of $1.40 billion and a P/E ratio of 20.03. The company’s 50-day moving average price is $47.53 and its 200-day moving average price is $44.07.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Wednesday, June 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. The business had revenue of $247.88 million for the quarter. During the same period last year, the firm posted $0.41 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Apogee Enterprises Inc. will post $2.83 EPS for the current year.

In related news, Director Robert J. Marzec sold 3,000 shares of the stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $48.04, for a total transaction of $144,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sara L. Hays sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $47.00, for a total value of $94,000.00. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Apogee Enterprises stock. Morgan Stanley raised its position in Apogee Enterprises Inc. (NASDAQ:APOG) by 38.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 284,012 shares of the company’s stock after buying an additional 78,635 shares during the period. Morgan Stanley owned approximately 0.98% of Apogee Enterprises worth $12,357,000 at the end of the most recent 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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