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Principale » Apogee Enterprises Updates FY18 Outlook

Apogee Enterprises Updates FY18 Outlook

24 Juin 2017

Skylands Capital Llc increased Apogee Enterprises Inc (APOG) stake by 34.98% reported in 2016Q4 SEC filing.

Among 2 analysts covering Apogee Enterprises (NASDAQ:APOG), 2 have Buy rating, 0 Sell and 0 Hold. Company insiders own 3.10% of the company's stock. "Our outlook is supported by internal market visibility from backlog, commitments and bidding activity, and positive external metrics, including forecasts for mid-single digit USA commercial construction market growth this year", he said.

"With our strategies to grow through new geographies, new products and new markets, our operations excellence, productivity and product selection initiatives, as well as our outlook for strong free cash flow, we expect continued top- and bottom-line growth in fiscal 2018", said Puishys. Architectural services' revenues are anticipated to be impacted in fiscal 2018 due to the timing of projects. Sidoti initiated coverage on Apogee Enterprises in a research report on Thursday, May 25th.

Analysts are speculating a 19.58% move, based on the high target price ($40) for the shares that is set to reach in the next 12 months. Moreover, Manufacturers Life Insurance Company The has 0% invested in Penn National Gaming, Inc (NASDAQ:PENN) for 51,817 shares. The company has a market capitalization of $1.58 billion, a P/E ratio of 18.60 and a beta of 1.60. The firm has a 50-day moving average of $54.63 and a 200 day moving average of $55.41.

Neumeier Poma Investment Counsel Llc decreased Apogee Enterprises Inc. About shares traded. Apogee Enterprises Inc (NASDAQ:APOG) has risen 21.13% since June 20, 2016 and is uptrending. After $0.09 actual earnings per share reported by Riverview Bancorp, Inc. for the previous quarter, Wall Street now forecasts 33.33% EPS growth. The business's revenue for the quarter was up 19.8% on a year-over-year basis. 159670 shares were traded on Apogee Enterprises, Inc.'s last session. During the same period in the prior year, the company earned $0.69 EPS.

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They expect $0.71 EPS, up 14.08% or $0.1 from last year's $0.61 per share.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Friday, May 19th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.01%. It dropped, as 26 investors sold Apogee Enterprises Inc shares while 63 reduced holdings. The shares were sold at an average price of $55.97, for a total value of $5,597,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 180,000 shares of company stock worth $10,084,600 in the last 90 days. State of Alaska Department of Revenue now owns 3,180 shares of the industrial products company's stock valued at $189,000 after buying an additional 60 shares in the last quarter. State Street has 0.01% invested in Apogee Enterprises Inc (NASDAQ:APOG). Horizon Investment Services LLC now owns 38,240 shares of the industrial products company's stock worth $2,279,000 after buying an additional 23,075 shares during the last quarter. Peregrine Capital Management LLC boosted its position in Apogee Enterprises by 7.3% in the first quarter. Louisiana State Employees Retirement Systems accumulated 11,600 shares. Principal Financial Group Inc. now owns 236,691 shares of the industrial products company's stock worth $14,109,000 after buying an additional 3,671 shares in the last quarter. Bank of America Corp DE raised its position in shares of Apogee Enterprises by 24.8% in the first quarter. Principal Financial Group Inc. increased its position in shares of Apogee Enterprises by 1.6% in the first quarter.

The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass windows, curtain walls, storefronts, and entrance systems comprising the outside skin, as well as entrances of commercial, institutional, and multi-family residential buildings. The Firm operates through two divisions, which include banking activities performed by the Bank and trust and investment services performed by Riverview Asset Management Corp.