BidaskClub lowered shares of Apogee Enterprises, Inc. (NASDAQ:APOG) from a sell rating to a strong sell rating in a research note published on Friday.

Several other equities analysts have also recently issued reports on APOG. ValuEngine raised Apogee Enterprises from a hold rating to a buy rating in a report on Thursday, July 6th. Sidoti assumed coverage on Apogee Enterprises in a report on Thursday, May 25th. They issued a buy rating and a $70.00 price objective for the company. Finally, Zacks Investment Research raised Apogee Enterprises from a sell rating to a hold rating in a report on Friday, April 21st. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $64.75.

Apogee Enterprises (NASDAQ:APOG) traded up 0.490% during mid-day trading on Friday, reaching $52.345. The company had a trading volume of 3,676 shares. The firm has a market capitalization of $1.51 billion, a PE ratio of 17.926 and a beta of 1.58. The stock’s 50-day moving average price is $54.85 and its 200 day moving average price is $55.85. Apogee Enterprises has a 52 week low of $39.88 and a 52 week high of $61.00.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, June 22nd. The industrial products company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.09. The firm had revenue of $272.30 million for the quarter, compared to analyst estimates of $271.13 million. Apogee Enterprises had a return on equity of 18.59% and a net margin of 7.39%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. On average, equities research analysts predict that Apogee Enterprises will post $3.38 EPS for the current year.

WARNING: This article was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.watchlistnews.com/apogee-enterprises-inc-apog-downgraded-by-bidaskclub/1465398.html.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, July 10th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $0.56 annualized dividend and a dividend yield of 1.08%. Apogee Enterprises’s dividend payout ratio is presently 19.24%.

In related news, Director Jerome L. Davis sold 18,706 shares of Apogee Enterprises stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $55.04, for a total value of $1,029,578.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph F. Puishys sold 100,000 shares of Apogee Enterprises stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $55.97, for a total value of $5,597,000.00. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund raised its stake in Apogee Enterprises by 1.3% in the second quarter. Texas Permanent School Fund now owns 21,012 shares of the industrial products company’s stock valued at $1,194,000 after buying an additional 272 shares during the period. SG Capital Management LLC purchased a new stake in Apogee Enterprises during the second quarter valued at approximately $38,239,000. Great West Life Assurance Co. Can raised its stake in Apogee Enterprises by 3.4% in the second quarter. Great West Life Assurance Co. Can now owns 42,067 shares of the industrial products company’s stock valued at $2,390,000 after buying an additional 1,386 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Apogee Enterprises during the second quarter valued at approximately $368,000. Finally, Janney Capital Management LLC purchased a new stake in Apogee Enterprises during the second quarter valued at approximately $208,000.

Apogee Enterprises Company 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.

Receive News & Ratings for Apogee Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apogee Enterprises Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.