Apogee Enterprises, Inc. (APOG) Position Maintained by Swiss National Bank
Swiss National Bank held its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,600 shares of the industrial products company’s stock at the end of the 2nd quarter. Swiss National Bank owned 0.17% of Apogee Enterprises worth $2,706,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of APOG. Forward Management LLC purchased a new stake in Apogee Enterprises in the second quarter worth about $137,000. Ameritas Investment Partners Inc. purchased a new stake in Apogee Enterprises in the first quarter worth about $146,000. Janney Capital Management LLC purchased a new stake in Apogee Enterprises in the second quarter worth about $208,000. OLD National Bancorp IN purchased a new stake in Apogee Enterprises in the second quarter worth about $234,000. Finally, Creative Planning lifted its holdings in Apogee Enterprises by 0.3% in the second quarter. Creative Planning now owns 4,228 shares of the industrial products company’s stock worth $240,000 after buying an additional 11 shares during the period.
In other news, Director Jerome L. Davis sold 18,706 shares of the 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 filing with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by company insiders.
Apogee Enterprises, Inc. (NASDAQ:APOG) opened at 48.26 on Friday. The stock’s 50 day moving average is $46.90 and its 200 day moving average is $53.11. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 17.61 and a beta of 1.61. Apogee Enterprises, Inc. has a 12-month low of $39.88 and a 12-month high of $61.00.
Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.04. Apogee Enterprises had a net margin of 6.57% and a return on equity of 17.89%. The firm had revenue of $343.91 million for the quarter, compared to the consensus estimate of $349.97 million. During the same period last year, the firm earned $0.77 earnings per share. The company’s quarterly revenue was up 23.5% on a year-over-year basis. Equities analysts predict that Apogee Enterprises, Inc. will post $3.07 earnings per share for the current fiscal year.
Several analysts have commented on APOG shares. Zacks Investment Research lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Monday, August 28th. ValuEngine lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub lowered shares of Apogee Enterprises from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, DA Davidson set a $52.00 price objective on shares of Apogee Enterprises and gave the stock a “buy” rating in a report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $63.75.
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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.
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