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

StockNews.com upgraded shares of Apogee Enterprises (NASDAQ:APOG) from a buy rating to a strong-buy rating in a research note published on Tuesday.

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 report on Tuesday, October 8th.

Apogee Enterprises Stock Down 0.2 %

Shares of Apogee Enterprises stock opened at $78.85 on Tuesday. The stock has a 50-day simple moving average of $68.60 and a 200-day simple moving average of $64.63. Apogee Enterprises has a 52-week low of $41.01 and a 52-week high of $86.22. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 16.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data 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. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The firm had revenue of $342.40 million during the quarter, compared to analysts’ expectations of $335.31 million. During the same period in the prior year, the company posted $1.36 earnings per share. Apogee Enterprises’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities research analysts expect that Apogee Enterprises will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. Apogee Enterprises’s dividend payout ratio is currently 20.53%.

Institutional Investors Weigh In On Apogee Enterprises

Several large investors have recently made changes to their positions in APOG. GAMMA Investing LLC raised its stake in shares of Apogee Enterprises by 43.2% in the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 163 shares during the last quarter. Headlands Technologies LLC raised its holdings in Apogee Enterprises by 340.8% in the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 593 shares during the period. Quarry LP grew its stake in 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 acquiring an additional 662 shares during the period. EntryPoint Capital LLC increased its stake in Apogee Enterprises by 31.4% during the 1st quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 222 shares in the last quarter. Finally, CWM LLC lifted its position in Apogee Enterprises by 290.6% in the 2nd quarter. CWM LLC now owns 957 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 712 shares in 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).