Bahl & Gaynor Inc. lessened its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 7.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,008 shares of the industrial products company’s stock after selling 4,015 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.18% of Apogee Enterprises worth $2,839,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of APOG. Great West Life Assurance Co. Can increased its position in Apogee Enterprises by 6.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 40,681 shares of the industrial products company’s stock worth $2,424,000 after purchasing an additional 2,499 shares in the last quarter. First Trust Advisors LP purchased a new stake in Apogee Enterprises during the 1st quarter worth about $1,817,000. Advisors Asset Management Inc. increased its position in Apogee Enterprises by 102.8% during the 1st quarter. Advisors Asset Management Inc. now owns 5,724 shares of the industrial products company’s stock worth $341,000 after purchasing an additional 2,902 shares in the last quarter. Bank of New York Mellon Corp increased its position in Apogee Enterprises by 2.5% during the 1st quarter. Bank of New York Mellon Corp now owns 651,833 shares of the industrial products company’s stock worth $38,857,000 after purchasing an additional 16,093 shares in the last quarter. Finally, Comerica Bank increased its position in Apogee Enterprises by 4.0% during the 1st quarter. Comerica Bank now owns 31,895 shares of the industrial products company’s stock worth $1,738,000 after purchasing an additional 1,214 shares in the last quarter.
A number of research firms recently commented on APOG. DA Davidson set a $52.00 price objective on Apogee Enterprises and gave the stock a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub cut Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. ValuEngine cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Sidoti began coverage on Apogee Enterprises in a research report on Thursday, May 25th. They set a “buy” rating and a $70.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $63.75.
In related news, Director Jerome L. Davis sold 18,706 shares of the company’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by insiders.
Apogee Enterprises, Inc. (APOG) traded up 0.435% during mid-day trading on Friday, reaching $44.985. The company’s stock had a trading volume of 87,956 shares. Apogee Enterprises, Inc. has a 1-year low of $39.88 and a 1-year high of $61.00. The firm has a 50-day moving average of $47.55 and a 200 day moving average of $53.48. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 15.406 and a beta of 1.61.
Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Thursday, June 22nd. The industrial products company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). The business had revenue of $272.30 million for the quarter, compared to analyst estimates of $271.13 million. Apogee Enterprises had a net margin of 7.39% and a return on equity of 18.59%. The firm’s quarterly 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. Equities analysts expect that Apogee Enterprises, Inc. will post $3.11 earnings per share for the current 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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