Apogee Enterprises Inc. (NASDAQ:APOG) – Investment analysts at DA Davidson lowered their Q3 2017 earnings per share (EPS) estimates for Apogee Enterprises in a note issued to investors on Thursday. DA Davidson analyst B. Thielman now expects that the firm will post earnings per share of $0.79 for the quarter, down from their prior estimate of $0.82. DA Davidson currently has a “Buy” rating and a $56.00 target price on the stock. DA Davidson also issued estimates for Apogee Enterprises’ Q4 2017 earnings at $0.69 EPS and FY2017 earnings at $2.87 EPS.

A number of other research firms have also weighed in on APOG. Zacks Investment Research lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Goldman Sachs Group Inc. lowered shares of Apogee Enterprises from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $53.00 to $50.00 in a research note on Monday, July 11th.

Apogee Enterprises (NASDAQ:APOG) traded up 0.365% during mid-day trading on Monday, reaching $43.965. The company’s stock had a trading volume of 82,904 shares. Apogee Enterprises has a 52 week low of $33.67 and a 52 week high of $54.34. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 16.277 and a beta of 1.49. The company’s 50-day moving average price is $47.03 and its 200 day moving average price is $44.77.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Wednesday, September 14th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10. The company earned $278.50 million during the quarter. Apogee Enterprises had a return on equity of 18.68% and a net margin of 7.65%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS.

In other news, Director Bernard P. Aldrich sold 6,072 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $47.23, for a total transaction of $286,780.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sara L. Hays sold 2,000 shares of the firm’s stock in a transaction that occurred on 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. Insiders own 3.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Glenmede Trust Co. NA increased its stake in shares of Apogee Enterprises by 5,315.1% in the second quarter. Glenmede Trust Co. NA now owns 648,788 shares of the company’s stock worth $30,070,000 after buying an additional 636,807 shares in the last quarter. Royce & Associates LP purchased a new stake in shares of Apogee Enterprises during the second quarter worth about $28,262,000. American Century Companies Inc. increased its stake in shares of Apogee Enterprises by 107.4% in the second quarter. American Century Companies Inc. now owns 599,221 shares of the company’s stock worth $27,774,000 after buying an additional 310,303 shares in the last quarter. Norges Bank purchased a new stake in shares of Apogee Enterprises during the fourth quarter worth about $11,887,000. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Apogee Enterprises during the second quarter worth about $12,108,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

About Apogee Enterprises

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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