Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $63.33.

APOG has been the topic of several research analyst reports. ValuEngine lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. DA Davidson set a $52.00 price target on shares of Apogee Enterprises and gave the stock a “buy” rating in a research report on Thursday, August 24th. BidaskClub lowered shares of Apogee Enterprises from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Sidoti began coverage on shares of Apogee Enterprises in a research report on Thursday, May 25th. They set a “buy” rating and a $70.00 target price on the stock.

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Apogee Enterprises (NASDAQ APOG) traded up 0.02% during midday trading on Wednesday, reaching $44.80. 447,185 shares of the company traded hands. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 15.34 and a beta of 1.61. Apogee Enterprises has a 12 month low of $39.88 and a 12 month high of $61.00. The firm’s 50 day moving average price is $47.33 and its 200 day moving average price is $53.38.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Thursday, June 22nd. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.09). The company had revenue of $272.30 million during the quarter, compared to analyst estimates of $271.13 million. Apogee Enterprises had a return on equity of 18.59% and a net margin of 7.39%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, analysts expect that Apogee Enterprises will post $3.11 earnings per share for the current year.

In other news, Director Jerome L. Davis sold 18,706 shares of Apogee Enterprises stock in a transaction dated Friday, July 7th. The shares were 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 SEC, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Creative Planning boosted its position in Apogee Enterprises by 0.3% in the second quarter. Creative Planning now owns 4,228 shares of the industrial products company’s stock valued at $240,000 after buying an additional 11 shares in the last quarter. Pinebridge Investments L.P. boosted its position in Apogee Enterprises by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 3,792 shares of the industrial products company’s stock valued at $216,000 after buying an additional 55 shares in the last quarter. Profund Advisors LLC boosted its position in Apogee Enterprises by 1.1% in the second quarter. Profund Advisors LLC now owns 5,333 shares of the industrial products company’s stock valued at $303,000 after buying an additional 60 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Apogee Enterprises by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 22,727 shares of the industrial products company’s stock valued at $1,292,000 after buying an additional 83 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Apogee Enterprises by 0.7% in the second quarter. Arizona State Retirement System now owns 14,987 shares of the industrial products company’s stock valued at $852,000 after buying an additional 100 shares in the last quarter.

Apogee Enterprises Company 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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