Apogee Enterprises (NASDAQ:APOG) Shares Gap Down – Should You Sell?

Apogee Enterprises, Inc. (NASDAQ:APOG)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $71.13, but opened at $64.82. Apogee Enterprises shares last traded at $60.58, with a volume of 165,419 shares trading hands.

Wall Street Analyst Weigh In

APOG has been the topic of several research analyst reports. StockNews.com upgraded shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 1st. DA Davidson raised their price target on shares of Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th.

Apogee Enterprises Stock Performance

The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.55 and a beta of 1.04. The stock has a fifty day moving average price of $78.73 and a 200-day moving average price of $71.00.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. As a group, analysts anticipate that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Institutional Trading of Apogee Enterprises

Large investors have recently made changes to their positions in the business. Gladius Capital Management LP bought a new stake in Apogee Enterprises during the 3rd quarter worth about $33,000. GAMMA Investing LLC grew its stake in shares of Apogee Enterprises by 43.2% during the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 163 shares during the last quarter. Quarry LP increased its holdings in shares of Apogee Enterprises by 959.4% in the second quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 662 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Apogee Enterprises in the 3rd quarter worth approximately $58,000. Finally, CWM LLC raised its position in Apogee Enterprises by 19.9% in the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).