Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 16.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 11,456 shares of the industrial products company’s stock after selling 2,214 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Apogee Enterprises were worth $651,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of APOG. BlackRock Inc. grew its position in Apogee Enterprises by 19,368.0% in the first quarter. BlackRock Inc. now owns 4,227,467 shares of the industrial products company’s stock worth $252,000,000 after acquiring an additional 4,205,752 shares during the period. SG Capital Management LLC purchased a new position in Apogee Enterprises in the second quarter worth approximately $38,239,000. FMR LLC grew its position in Apogee Enterprises by 131.3% in the first quarter. FMR LLC now owns 622,720 shares of the industrial products company’s stock worth $37,120,000 after acquiring an additional 353,510 shares during the period. RidgeWorth Capital Management LLC purchased a new position in Apogee Enterprises in the first quarter worth approximately $19,164,000. Finally, Systematic Financial Management LP grew its position in Apogee Enterprises by 55.7% in the first quarter. Systematic Financial Management LP now owns 532,874 shares of the industrial products company’s stock worth $31,765,000 after acquiring an additional 190,576 shares during the period.
APOG has been the topic of a number of research reports. BidaskClub cut Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. DA Davidson set a $52.00 price target on Apogee Enterprises and gave the stock a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. ValuEngine upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Sidoti initiated coverage on Apogee Enterprises in a research note on Thursday, May 25th. They set a “buy” rating and a $70.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $63.75.
Apogee Enterprises, Inc. (NASDAQ APOG) opened at 45.01 on Wednesday. The firm has a market capitalization of $1.30 billion, a PE ratio of 15.41 and a beta of 1.61. Apogee Enterprises, Inc. has a 1-year low of $39.88 and a 1-year high of $61.00. The firm’s 50-day moving average price is $48.22 and its 200-day moving average price is $53.69.
Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, June 22nd. The industrial products company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.09). The firm 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%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. On average, equities research analysts predict that Apogee Enterprises, Inc. will post $3.11 EPS for the current fiscal year.
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In other Apogee Enterprises news, Director Jerome L. Davis sold 18,706 shares of Apogee Enterprises stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $55.04, for a total value of $1,029,578.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is currently owned by insiders.
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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