Apogee Enterprises (NASDAQ:APOG) Upgraded to Buy at Sidoti

Apogee Enterprises (NASDAQ:APOG) was upgraded by Sidoti from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat reports.

APOG has been the topic of several other research reports. StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday. DA Davidson reduced their target price on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $52.52 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. Apogee Enterprises has a twelve month low of $51.15 and a twelve month high of $87.93. The business has a 50-day moving average price of $77.45 and a 200-day moving average price of $70.72. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 11.06 and a beta of 1.04.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. As a group, equities research analysts predict that Apogee Enterprises will post 5.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in APOG. TD Asset Management Inc lifted its position in Apogee Enterprises by 6.2% in the second quarter. TD Asset Management Inc now owns 32,500 shares of the industrial products company’s stock worth $2,042,000 after buying an additional 1,900 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Apogee Enterprises in the 2nd quarter worth about $3,547,000. Texas Permanent School Fund Corp boosted its stake in shares of Apogee Enterprises by 32.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 25,648 shares of the industrial products company’s stock worth $1,612,000 after purchasing an additional 6,319 shares during the period. Headlands Technologies LLC boosted its stake in shares of Apogee Enterprises by 294.5% during the 2nd quarter. Headlands Technologies LLC now owns 3,026 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 2,259 shares during the period. Finally, American Century Companies Inc. grew its holdings in Apogee Enterprises by 23.2% during the 2nd quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock valued at $33,225,000 after purchasing an additional 99,495 shares during the last quarter. 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).