Apogee Enterprises (NASDAQ:APOG) Trading 7.9% Higher

Apogee Enterprises, Inc. (NASDAQ:APOG)’s stock price shot up 7.9% during trading on Tuesday . The company traded as high as $62.13 and last traded at $62.05. 167,513 shares traded hands during trading, an increase of 32% from the average session volume of 126,574 shares. The stock had previously closed at $57.52.

Apogee Enterprises Stock Up 7.2 %

The company’s 50-day moving average is $57.22 and its 200 day moving average is $51.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.47. The company has a market capitalization of $1.36 billion, a PE ratio of 12.75 and a beta of 1.10.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The company had revenue of $361.80 million during the quarter, compared to analysts’ expectations of $337.84 million. During the same period in the prior year, the business earned $0.86 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts anticipate that Apogee Enterprises, Inc. will post 4.59 EPS for the current year.

Institutional Investors Weigh In On Apogee Enterprises

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Apogee Enterprises by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock worth $165,429,000 after acquiring an additional 53,484 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Apogee Enterprises by 11.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,141,762 shares of the industrial products company’s stock valued at $60,982,000 after purchasing an additional 120,882 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Apogee Enterprises by 69.8% during the 4th quarter. Pacer Advisors Inc. now owns 537,470 shares of the industrial products company’s stock valued at $28,706,000 after purchasing an additional 220,898 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Apogee Enterprises by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 379,235 shares of the industrial products company’s stock valued at $20,255,000 after buying an additional 9,092 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Apogee Enterprises by 32.3% in the 3rd quarter. Invesco Ltd. now owns 294,513 shares of the industrial products company’s stock worth $13,866,000 after purchasing an additional 71,915 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.