BNP Paribas Arbitrage SA increased its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 45.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,940 shares of the industrial products company’s stock after acquiring an additional 3,407 shares during the period. BNP Paribas Arbitrage SA’s holdings in Apogee Enterprises were worth $622,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Comerica Bank raised its holdings in Apogee Enterprises by 58.2% during the second quarter. Comerica Bank now owns 50,460 shares of the industrial products company’s stock worth $2,659,000 after acquiring an additional 18,565 shares in the last quarter. Legal & General Group Plc raised its holdings in Apogee Enterprises by 9.2% during the second quarter. Legal & General Group Plc now owns 54,549 shares of the industrial products company’s stock worth $3,099,000 after acquiring an additional 4,615 shares in the last quarter. Alpine Woods Capital Investors LLC raised its holdings in Apogee Enterprises by 44.9% during the second quarter. Alpine Woods Capital Investors LLC now owns 21,950 shares of the industrial products company’s stock worth $1,248,000 after acquiring an additional 6,800 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Apogee Enterprises by 6.6% during the second quarter. Advisors Asset Management Inc. now owns 6,103 shares of the industrial products company’s stock worth $347,000 after acquiring an additional 379 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Apogee Enterprises by 60.0% during the second quarter. First Trust Advisors LP now owns 48,787 shares of the industrial products company’s stock worth $2,773,000 after acquiring an additional 18,299 shares in the last quarter.

APOG has been the topic of several analyst reports. Zacks Investment Research lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. ValuEngine lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, June 30th. DA Davidson set a $52.00 target price on Apogee Enterprises and gave the stock a “buy” rating in a report on Thursday, August 24th. BidaskClub lowered Apogee Enterprises from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Sidoti initiated coverage on Apogee Enterprises in a report on Thursday, May 25th. They set a “buy” rating and a $70.00 target price on the stock. Two 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 company presently has a consensus rating of “Hold” and a consensus target price of $63.75.

Apogee Enterprises, Inc. (APOG) opened at 45.01 on Wednesday. The firm has a market cap of $1.30 billion, a P/E ratio of 15.41 and a beta of 1.61. The firm’s 50-day moving average price is $48.22 and its 200-day moving average price is $53.69. Apogee Enterprises, Inc. has a 12 month low of $39.88 and a 12 month high of $61.00.

Apogee Enterprises (NASDAQ:APOG) last posted 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). Apogee Enterprises had a return on equity of 18.59% and a net margin of 7.39%. The firm had revenue of $272.30 million for the quarter, compared to the consensus estimate of $271.13 million. During the same period in the prior year, the business earned $0.61 EPS. Apogee Enterprises’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts expect that Apogee Enterprises, Inc. will post $3.11 EPS for the current fiscal year.

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 transaction of $1,029,578.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.10% of the stock is owned by company insiders.

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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.

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

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