Apogee Enterprises (NASDAQ:APOG) Upgraded at StockNews.com

Apogee Enterprises (NASDAQ:APOG) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

Separately, DA Davidson upped their price target on 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 Down 2.6 %

Apogee Enterprises stock traded down $2.19 during mid-day trading on Monday, reaching $80.78. 99,834 shares of the company were exchanged, compared to its average volume of 146,736. The business has a fifty day moving average of $79.90 and a 200 day moving average of $69.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. The firm has a market cap of $1.77 billion, a P/E ratio of 17.01 and a beta of 0.99. Apogee Enterprises has a 12-month low of $48.03 and a 12-month high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.21. The business had revenue of $342.40 million for the quarter, compared to the consensus estimate of $335.31 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 earnings per share. Research analysts anticipate that Apogee Enterprises will post 5.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Apogee Enterprises

A number of institutional investors have recently modified their holdings of APOG. Comerica Bank raised its stake in shares of Apogee Enterprises by 28.9% during the 1st quarter. Comerica Bank now owns 13,062 shares of the industrial products company’s stock valued at $773,000 after buying an additional 2,925 shares during the last quarter. CWM LLC boosted its holdings in Apogee Enterprises by 290.6% in the 2nd quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after buying an additional 712 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Apogee Enterprises by 178.7% in the 2nd quarter. SG Americas Securities LLC now owns 35,168 shares of the industrial products company’s stock worth $2,210,000 after buying an additional 22,549 shares during the last quarter. Diversified Trust Co boosted its holdings in Apogee Enterprises by 9.4% in the 2nd quarter. Diversified Trust Co now owns 6,700 shares of the industrial products company’s stock worth $421,000 after buying an additional 573 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in Apogee Enterprises by 1.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 15,641 shares of the industrial products company’s stock worth $983,000 after buying an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

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).