Apogee Enterprises, Inc. (NASDAQ:APOG) Sees Significantly Lower Trading Volume – Highlight Press

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Apogee Enterprises, Inc. shares had a trading volume of 10K on Thursday. Overall, volume was down 94.13% under the stocks normal daily volume.

Investors are a little more bearish on Apogee Enterprises, Inc. recently if you take a look at the change in short interest. The firm experienced a rise in short interest of 2.08% as of the latest report on May 31, 2017. Short interest grew from 4,618,489 to 4,714,340 over that period. Days to cover decreased from 25.9 to 23.0 and the percentage of shorted shares is 0.16% as of May 31.

Here are a few additional firms who have increased or decreased their stake in (APOG). As of quarter end Goldman Sachs Group Inc had bought 1,195 shares growing its stake by 17.1%. The value of the investment in Apogee Enterprises, Inc. went from $375,000 to $489,000 increasing 30.4% for the reporting period. Macquarie Group Ltd reduced its position by selling 2,619 shares a decrease of 0.4% as of 03/31/2017. Macquarie Group Ltd claims 613,272 shares valued at $36,557,000. The total value of its holdings increased 10.8%.

Horizon Investment Services, LLC augmented its stake by buying 23,075 shares an increase of 152.2% in the quarter. Horizon Investment Services, LLC controls 38,240 shares with a value of $2,279,000. The value of the position overall is up by 180.7%. As of the end of the quarter State Street Corp had acquired a total of 37,383 shares growing its position 3.5%. The value of the total investment in Apogee Enterprises, Inc. increased from $56,866,000 to $65,517,000 a change of 15.2% quarter to quarter.

On July 12 the company was downgraded from to Neutral by analysts at Goldman Sachs. On June 26 the company was rated Market Perform in a report from Northland Securities down from the previous Outperform rating.

On June 15 DA Davidson held the company rating at Buy but raised the price expectation from $58.00 to $64.00. November 17 investment analysts at DA Davidson held the stock rating at Buy and raised the price target to $52.00 from $46.00.

On September 23 the stock rating was upgraded to Outperform from Market Perform and a price target of $47.00 was set in an announcement from Northland Securities. Northland Securities raised the price target and upgraded the stock on September 23 boosting the price target from $33.00 to $47.00 and moving the rating from Market Perform to Outperform.

In the market the company is trading down from yesterdays close of $52.96. The company announced a dividend for shareholders that was paid on Tuesday the 25th of July 2017. The dividend was $0.140 per share for the quarter which is $0.56 annualized. This dividend amount was represent a yeild of $1.06. The ex-dividend date was Thursday the 6th of July 2017.

The stock last traded at $52.49 a tad below $55.42, the 50 day moving average and marginally under the 200 day moving average of $55.93. The 50 day moving average went down $-2.93 or -5.29% and the 200 day average went down $-3.44 or -6.15%.

Apogee Enterprises, Inc.s P/E ratio is 17.98 and market cap is 1.51B. As of 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 presently outstanding. Analysts expect next quarters EPS to be $0.99 with next years EPS 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) Sees Significantly Lower Trading Volume - Highlight Press