Apogee Enterprises Director Bernard Aldrich Sells 7,375 Shares (APOG)
Apogee Enterprises (NASDAQ:APOG) Director Bernard Aldrich unloaded 7,375 shares of the company’s stock on the open market in a transaction dated Friday, January 3rd. The stock was sold at an average price of $35.00, for a total transaction of $258,125.00. Following the sale, the director now directly owns 24,958 shares in the company, valued at approximately $873,530. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on APOG. Analysts at Zacks reiterated a “neutral” rating on shares of Apogee Enterprises in a research note to investors on Friday, December 20th. They now have a $38.00 price target on the stock. Separately, analysts at Northland Capital Partners downgraded shares of Apogee Enterprises from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, December 20th. They now have a $33.00 price target on the stock. Finally, analysts at Northland Securities downgraded shares of Apogee Enterprises from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, December 20th. They now have a $33.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $34.00.
Apogee Enterprises (NASDAQ:APOG) traded up 1.14% on Friday, hitting $35.35. The stock had a trading volume of 251,350 shares. Apogee Enterprises has a 52 week low of $22.20 and a 52 week high of $37.66. The stock has a 50-day moving average of $35.14 and a 200-day moving average of $30.01. The company has a market cap of $1.007 billion and a P/E ratio of 42.01.
Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Thursday, December 19th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.02. The company had revenue of $199.40 million for the quarter, compared to the consensus estimate of $202.59 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that Apogee Enterprises will post $0.98 EPS for the current fiscal year.
Apogee Enterprises, Inc (NASDAQ:APOG) is involved in the design and development of value-added glass products, services and systems.
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