Apogee Enterprises, Inc. (NASDAQ:APOG) Stock Closed Well Below Its 50 Day Average – Modern Readers

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Company chares are trading at $49.08 significantly lower than $53.20, the 50 day moving average and which is significantly below the 200 day moving average of $55.36. The 50 day moving average was down by -7.75% and the 200 day average went down by -11.34%. Apogee Enterprises, Inc. shares had a trading volume of 113K on Friday. Trading volume was down 36.77% under the stocks average daily volume.

The following firms have also recently changed their position in APOG. Goldman Sachs Group Inc added to its ownership by buying 1,195 shares an increase of 17.1%. Goldman Sachs Group Inc now controls 8,197 shares worth $489,000. The value of the position overall is up by 30.4%. As of quarter end Macquarie Group Ltd had sold 2,619 shares trimming its stake by 0.4%. The value of the companys investment in Apogee Enterprises, Inc. went from $32,987,000 to $36,557,000 a change of $3,570,000 quarter over quarter.

Horizon Investment Services, LLC augmented its position by buying 23,075 shares an increase of 152.2% as of 03/31/2017. Horizon Investment Services, LLC claims 38,240 shares with a value of $2,279,000. The total value of its holdings increased 180.7%. State Street Corp expanded its investment by buying 37,383 shares an increase of 3.5% from 12/31/2016 to 03/31/2017. State Street Corp currently owns 1,099,051 shares valued at $65,517,000. The total value of its holdings increased 15.2%.

The company is down from yesterdays close of $50.56. Additionally Apogee Enterprises, Inc. recently declared a dividend for shareholders that was paid on Tue Jul 25, 2017. The dividend payment was $0.140 per share for the quarter or $0.56 annualized. This dividend represents a yield of $1.11. The ex-dividend date was set for Thursday the 6th of July 2017.

The company currently has a P/E ratio of 16.81 and the market cap of the company is 1.42B. In the last earnings report the EPS was $2.92 and is expected to be $3.38 for the current year with 28,848,000 shares now outstanding. Analysts expect next quarters EPS to be $0.99 and the next full year EPS is anticipated to be $4.18.

Apogee Enterprises, Inc., launched on July 12, 1949, is involved in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates in 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 comprising the outside skin of commercial, institutional and multi-family residential buildings. The Architectural Services segment designs, engineers, fabricates and installs the walls of glass, windows and other curtainwall products making up the outside skin of commercial and institutional buildings. The Architectural Framing Systems segment designs, engineers, fabricates and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of commercial, institutional and multi-family residential buildings. The Large-Scale Optical Technologies segment manufactures glass and acrylic products for the custom picture framing and fine art markets..

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Apogee Enterprises, Inc. (NASDAQ:APOG) Stock Closed Well Below Its 50 Day Average - Modern Readers