Apogee Enterprises (NASDAQ:APOG) Reaches New 12-Month High at $72.00

Apogee Enterprises, Inc. (NASDAQ:APOG) shares reached a new 52-week high during trading on Friday . The stock traded as high as $72.00 and last traded at $72.00, with a volume of 500 shares trading hands. The stock had previously closed at $69.53.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. DA Davidson increased their target price on Apogee Enterprises from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. StockNews.com upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th.

Apogee Enterprises Trading Up 3.6 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.29. The business’s 50-day moving average is $64.44 and its two-hundred day moving average is $62.27. The firm has a market cap of $1.58 billion, a P/E ratio of 14.28 and a beta of 0.98.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.28. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. The business had revenue of $331.50 million for the quarter, compared to the consensus estimate of $333.22 million. During the same quarter in the previous year, the business earned $1.05 earnings per share. Apogee Enterprises’s quarterly revenue was down 8.3% on a year-over-year basis. As a group, analysts predict that Apogee Enterprises, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Activity at Apogee Enterprises

In other Apogee Enterprises news, insider Brent C. Jewell sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $64.34, for a total transaction of $321,700.00. Following the sale, the insider now directly owns 23,405 shares of the company’s stock, valued at $1,505,877.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Apogee Enterprises

A number of institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Apogee Enterprises in the 1st quarter valued at $747,000. Hsbc Holdings PLC acquired a new stake in Apogee Enterprises during the fourth quarter worth about $992,000. Vanguard Group Inc. increased its holdings in Apogee Enterprises by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock valued at $165,429,000 after buying an additional 53,484 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Apogee Enterprises in the 2nd quarter valued at approximately $3,547,000. Finally, Quest Partners LLC raised its position in Apogee Enterprises by 115,311.1% during the second quarter. Quest Partners LLC now owns 10,387 shares of the industrial products company’s stock valued at $653,000 after purchasing an additional 10,378 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).