DA Davidson Issues Pessimistic Forecast for APOG Earnings

Apogee Enterprises, Inc. (NASDAQ:APOG) – Investment analysts at DA Davidson lowered their Q3 2026 EPS estimates for Apogee Enterprises in a note issued to investors on Tuesday, November 18th. DA Davidson analyst B. Thielman now expects that the industrial products company will earn $1.02 per share for the quarter, down from their prior forecast of $1.13. DA Davidson currently has a “Buy” rating and a $47.00 target price on the stock. The consensus estimate for Apogee Enterprises’ current full-year earnings is $4.97 per share.

Several other equities research analysts have also recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apogee Enterprises in a report on Thursday, October 30th. Wall Street Zen upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Apogee Enterprises Trading Up 1.7%

APOG opened at $34.08 on Wednesday. The firm has a market capitalization of $733.06 million, a price-to-earnings ratio of 16.71 and a beta of 1.10. The company’s 50 day simple moving average is $39.62 and its two-hundred day simple moving average is $40.75. Apogee Enterprises has a 1-year low of $32.77 and a 1-year high of $86.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.76 and a quick ratio of 1.37.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Friday, October 10th. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.14. Apogee Enterprises had a net margin of 3.19% and a return on equity of 15.76%. The firm had revenue of $358.19 million for the quarter, compared to analyst estimates of $350.91 million. During the same period in the previous year, the business posted $1.44 earnings per share. Apogee Enterprises’s quarterly revenue was up 4.6% on a year-over-year basis.

Hedge Funds Weigh In On Apogee Enterprises

Several large investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in Apogee Enterprises in the 1st quarter valued at approximately $596,000. State of Alaska Department of Revenue lifted its stake in Apogee Enterprises by 5.6% during the second quarter. State of Alaska Department of Revenue now owns 12,850 shares of the industrial products company’s stock worth $521,000 after purchasing an additional 686 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of Apogee Enterprises during the first quarter worth $268,000. Voya Investment Management LLC grew its stake in shares of Apogee Enterprises by 29.0% in the first quarter. Voya Investment Management LLC now owns 113,571 shares of the industrial products company’s stock valued at $5,262,000 after buying an additional 25,514 shares in the last quarter. Finally, Moody National Bank Trust Division grew its stake in shares of Apogee Enterprises by 31.1% in the second quarter. Moody National Bank Trust Division now owns 30,865 shares of the industrial products company’s stock valued at $1,253,000 after buying an additional 7,329 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Wednesday, October 29th were given a $0.26 dividend. The ex-dividend date was Wednesday, October 29th. This represents a $1.04 dividend on an annualized basis and a yield of 3.1%. Apogee Enterprises’s payout ratio is currently 50.98%.

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).