Apogee Enterprises (NASDAQ:APOG) Stock Rating Upgraded by Wall Street Zen

Apogee Enterprises (NASDAQ:APOG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other brokerages have also weighed in on APOG. Weiss Ratings raised shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Zacks Research upgraded Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $70.50.

Apogee Enterprises Stock Performance

NASDAQ:APOG opened at $40.74 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76. The company has a fifty day moving average of $39.42 and a two-hundred day moving average of $37.59. The stock has a market capitalization of $850.24 million, a PE ratio of 12.77, a P/E/G ratio of 1.15 and a beta of 1.13. Apogee Enterprises has a fifty-two week low of $30.75 and a fifty-two week high of $50.88.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Friday, June 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14. The business had revenue of $342.68 million for the quarter, compared to the consensus estimate of $333.84 million. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.13) earnings per share. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. As a group, research analysts forecast that Apogee Enterprises will post 2.96 earnings per share for the current fiscal year.

Institutional Trading of Apogee Enterprises

Several large investors have recently bought and sold shares of the business. Parallel Advisors LLC purchased a new position in Apogee Enterprises in the 1st quarter worth approximately $30,000. PNC Financial Services Group Inc. increased its stake in shares of Apogee Enterprises by 38.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 296 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Apogee Enterprises during the 2nd quarter worth $38,000. Meeder Asset Management Inc. purchased a new position in shares of Apogee Enterprises during the 1st quarter worth $41,000. Finally, Hantz Financial Services Inc. boosted its position in shares of Apogee Enterprises by 79.5% during the 4th quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 556 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.