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Apogee Enterprises (APOG) engages in the design and development of glass products, services, and systems primarily in North America, Europe, and Brazil.
The company operates in two segments, Architectural Products and Services, and Large-Scale Optical Technologies.
The Architectural Products and Services segment designs, engineers, fabricates, installs, maintains, and renovates the walls of glass, windows, storefront, and entrances comprising the outside skin of commercial and institutional buildings. This segment is also involved in the fabrication of coated, high-performance architectural glass; installation and renovation of building glass; manufacture of aluminum window systems and curtain walls; painting and anodizing finishing of architectural aluminum and PVC shutters; and fabrication of aluminum storefront, entrance, and curtain wall products.
Its architectural glass products and services are primarily used in commercial buildings, such as office towers, hotels, and retail centers; and institutional buildings, including education facilities and dormitories, health care facilities, and government buildings, as well as high-end multi-family buildings. This segment markets its products through direct sales force, and distribution and independent sales representatives to architects, building owners, general contractors, and glazing subcontractors in the commercial construction market.
The Large-Scale Optical Technologies segment manufactures and markets value-added glass and acrylic products under the Tru Vue brand name primarily for the custom picture framing market. This segment distributes its products through independent distributors and retailers, as well as directly to museums, and public and private galleries.
Shares have formed a bullish "flag" and are expected to head higher from this formation.
52-Week Trading Range: $9.27 - $20.85
Last Trade: $19.80
Stop Loss: $18.81
Target Price: $21.78
APOG reached our target price. We closed the postion at $21.90
