Copper Rock Capital Partners Lowers stake in Apogee Enterprises Inc (APOG)

Apogee Enterprises Inc (APOG) : Copper Rock Capital Partners reduced its stake in Apogee Enterprises Inc by 0.49% during the most recent quarter end. The investment management company now holds a total of 531,268 shares of Apogee Enterprises Inc which is valued at $23.1 Million after selling 2,607 shares in Apogee Enterprises Inc according to a report filed by the company on Apr 5, 2016 with the SEC.Apogee Enterprises Inc makes up approximately 2.03% of Copper Rock Capital Partners’s portfolio.

On the company’s financial health, Apogee Enterprises Inc reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 6, 2016. Analyst had a consensus of $0.64. The company had revenue of $262.15 million for the quarter, compared to analysts expectations of $259.15 million. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Apogee Enterprises Inc closed down -0.22 points or -0.50% at $43.46 with 2,75,505 shares getting traded on Monday. Post opening the session at $43.88, the shares hit an intraday low of $43.46 and an intraday high of $44.795 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Apogee Enterprises Inc. is engaged in the design and development of value-added glass solutions for enclosing commercial buildings and framing art. The Company operates in four segments: Architectural Glass Architectural Services Architectural Framing Systems and Large-Scale Optical Technologies. The Architectural Glass segment fabricates glass used in customized window and curtainwall systems comprising the outside skin of buildings. The Architectural Services segment primarily installs and renovates customized aluminum and glass window and curtainwall systems comprising the outside skin of buildings. The Architectural Framing Systems segment designs engineers and fabricates the aluminum frames used in customized aluminum and glass window curtainwall storefront and entrance systems comprising the outside skin and entrances of buildings. Large-Scale Optical Technologies segment manufactures value-added glass and acrylic products primarily for the custom picture framing market.

Leave a Reply

Apogee Enterprises Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Apogee Enterprises Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.