Apogee Enterprises (NASDAQ:APOG) Cut to Hold at Wall Street Zen

Apogee Enterprises (NASDAQ:APOG) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other brokerages have also recently issued reports on APOG. Zacks Research raised shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings raised shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Apogee Enterprises has an average rating of “Moderate Buy” and a consensus price target of $70.50.

Apogee Enterprises Price Performance

Shares of APOG stock opened at $40.57 on Friday. Apogee Enterprises has a 1 year low of $30.75 and a 1 year high of $50.88. 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 business’s fifty day moving average is $38.41 and its 200-day moving average is $37.43. The stock has a market cap of $846.70 million, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. Apogee Enterprises had a return on equity of 14.72% and a net margin of 4.88%.The firm had revenue of $342.68 million for the quarter, compared to analyst estimates of $333.84 million. During the same period in the previous year, the company earned ($0.13) earnings per share. Apogee Enterprises’s revenue was down 1.1% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Equities analysts expect that Apogee Enterprises will post 2.96 earnings per share for the current fiscal year.

Institutional Trading of Apogee Enterprises

A number of hedge funds have recently bought and sold shares of APOG. Parallel Advisors LLC purchased a new position in Apogee Enterprises during the first quarter valued at approximately $30,000. PNC Financial Services Group Inc. increased its stake in 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 valued at $36,000 after buying an additional 296 shares during the period. Raymond James Financial Inc. purchased a new stake in Apogee Enterprises in the 2nd quarter worth approximately $38,000. Meeder Asset Management Inc. purchased a new stake in Apogee Enterprises in the 1st quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. boosted its stake 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 buying an additional 556 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Company Profile

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.