Apogee Enterprises Inc. (NASDAQ:APOG)’s share price dropped 1.6% on Thursday . The stock 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.

APOG has been the topic of several recent research reports. Zacks Investment Research upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, June 7th. Goldman Sachs Group Inc. lowered Apogee Enterprises from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $53.00 to $50.00 in a research note on Monday, July 11th.

The company has a 50-day moving average price of $47.50 and a 200-day moving average price of $44.04. The firm has a market cap of $1.38 billion and a price-to-earnings ratio of 19.75.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Wednesday, June 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.12. During the same period last year, the business earned $0.41 earnings per share. The firm earned $247.88 million during the quarter. The firm’s revenue for the quarter 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 fiscal year.

In other news, CFO James S. Porter sold 2,500 shares of the business’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $46.14, for a total value of $115,350.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bernard P. Aldrich sold 6,072 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $47.23, for a total transaction of $286,780.56. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Apogee Enterprises stock. Morgan Stanley increased 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 Securities and Exchange Commission (SEC). The fund 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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