Apogee Enterprises, Inc. (NASDAQ:APOG) Experiences Heavy Trading Volume – Modern Readers

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Trading was heavy with 548K shares changing hands on Wednesday. Volume was up 207.17% over the stocks average daily volume.

Here are a few additional firms who have increased or decreased their stake in (APOG). As of the end of the quarter Goldman Sachs Group Inc had bought 1,195 shares growing its stake by 17.1%. The value of the companys investment in Apogee Enterprises, Inc. went from $375,000 to $489,000 a change of $114,000 quarter over quarter. As of quarter end Macquarie Group Ltd had disposed of a total of 2,619 shares trimming its position 0.4%. The value of the investment in (APOG) increased from $32,987,000 to $36,557,000 increasing 10.8% since the last quarter.

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

The company is so far trading up since yesterdays close of $46.95. Apogee Enterprises, Inc. also announced a dividend for shareholders paid on Tuesday the 25th of July 2017. The dividend payment was $0.140 per share for the quarter which comes to $0.56 on an annualized basis. This dividend amount was represent a yeild of $1.19. The ex-dividend date was set for Thursday the 6th of July 2017.

It is trading at $47.01 which is quite a bit lower than $52.67, the stocks 50 day moving average and significantly lower than the 200 day moving average of $55.19. The 50 day moving average was down by -10.75% and the 200 day average moved down $-8.18.

The companys P/E ratio is 16.10 and the market cap is 1.36B. In the latest 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. Next quarters EPS is forecasted at $0.99 and the next full year EPS is projected 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) Experiences Heavy Trading Volume - Modern Readers