Comerica Bank lifted its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 58.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,460 shares of the industrial products company’s stock after purchasing an additional 18,565 shares during the quarter. Comerica Bank owned 0.17% of Apogee Enterprises worth $2,659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Legal & General Group Plc lifted its position in Apogee Enterprises by 9.2% in the 2nd quarter. Legal & General Group Plc now owns 54,549 shares of the industrial products company’s stock worth $3,099,000 after buying an additional 4,615 shares during the last quarter. Alpine Woods Capital Investors LLC lifted its position in Apogee Enterprises by 44.9% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 21,950 shares of the industrial products company’s stock worth $1,248,000 after buying an additional 6,800 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Apogee Enterprises by 6.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,103 shares of the industrial products company’s stock worth $347,000 after buying an additional 379 shares during the last quarter. First Trust Advisors LP lifted its position in Apogee Enterprises by 60.0% in the 2nd quarter. First Trust Advisors LP now owns 48,787 shares of the industrial products company’s stock worth $2,773,000 after buying an additional 18,299 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Apogee Enterprises by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 14,987 shares of the industrial products company’s stock worth $852,000 after buying an additional 100 shares during the last quarter.

A number of research firms recently weighed in on APOG. BidaskClub downgraded Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. DA Davidson set a $52.00 target price on Apogee Enterprises and gave the stock a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. ValuEngine upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Sidoti began coverage on Apogee Enterprises in a research report on Thursday, May 25th. They issued a “buy” rating and a $70.00 target price for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Apogee Enterprises has a consensus rating of “Hold” and a consensus target price of $63.75.

In related news, Director Jerome L. Davis sold 18,706 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $55.04, for a total transaction of $1,029,578.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is currently owned by company insiders.

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Apogee Enterprises, Inc. (NASDAQ:APOG) opened at 43.35 on Wednesday. Apogee Enterprises, Inc. has a one year low of $39.88 and a one year high of $61.00. The company’s 50 day moving average price is $49.27 and its 200-day moving average price is $54.06. The company has a market cap of $1.25 billion, a P/E ratio of 14.85 and a beta of 1.61.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Thursday, June 22nd. The industrial products company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.09. The company had revenue of $272.30 million during the quarter, compared to analysts’ expectations of $271.13 million. Apogee Enterprises had a return on equity of 18.59% and a net margin of 7.39%. Apogee Enterprises’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 EPS. On average, analysts forecast that Apogee Enterprises, Inc. will post $3.11 EPS for the current fiscal year.

Apogee Enterprises Profile

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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Institutional Ownership by Quarter for Apogee Enterprises (NASDAQ:APOG)

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