Apogee Enterprises Inc. (APOG) Shares Up 1.4%
Apogee Enterprises Inc. (NASDAQ:APOG)’s share price shot up 1.4% during trading on Wednesday . The stock traded as high as $47.15 and last traded at $47.11, with a volume of 115,809 shares trading hands. The stock had previously closed at $46.46.
Several brokerages have commented on APOG. 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 note on Monday, July 11th. Zacks Investment Research upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, June 7th.
The company’s 50-day moving average is $46.79 and its 200 day moving average is $43.16. The company has a market cap of $1.35 billion and a P/E ratio of 19.40.
Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Wednesday, June 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.12. The firm had revenue of $247.88 million for the quarter. During the same period in the prior year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Apogee Enterprises Inc. will post $2.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Tuesday, July 12th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Friday, July 8th.
In other news, Director Bernard P. Aldrich sold 6,072 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $47.23, for a total transaction of $286,780.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sara L. Hays sold 2,000 shares of the business’s stock in a transaction dated 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.
Several hedge funds have recently modified their holdings of APOG. Rhumbline Advisers boosted its stake in shares of 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. California Public Employees Retirement System boosted its stake in shares of 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. King Luther Capital Management Corp purchased a new stake in shares of Apogee Enterprises during the fourth quarter worth about $7,486,000. Trexquant Investment LP boosted its stake in shares of 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. Finally, Advisors Asset Management Inc. boosted its stake 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.
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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