Apogee Enterprises (NASDAQ:APOG) Rating Increased to Buy at Wall Street Zen

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

A number of other research analysts have also commented on the stock. Weiss Ratings upgraded 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 shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $70.50.

Apogee Enterprises Stock Performance

Shares of APOG opened at $40.74 on Friday. The company’s 50 day simple moving average is $39.42 and its 200-day simple moving average is $37.58. The firm has a market cap of $850.24 million, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.13 and a beta of 1.13. Apogee Enterprises has a 12-month low of $30.75 and a 12-month high of $50.88. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Friday, June 26th. The industrial products company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.43 by $0.14. The firm had revenue of $342.68 million during 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%. Apogee Enterprises’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.13) EPS. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. As a group, equities analysts predict that Apogee Enterprises will post 2.96 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in APOG. GAMMA Investing LLC lifted its position in Apogee Enterprises by 82.1% in the second quarter. GAMMA Investing LLC now owns 2,436 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 1,098 shares during the period. Ballast Advisors LLC purchased a new stake in Apogee Enterprises in the 1st quarter valued at approximately $157,000. Parallel Advisors LLC purchased a new stake in Apogee Enterprises in the 1st quarter valued at approximately $30,000. Bank of America Corp DE increased its position in Apogee Enterprises by 7.6% during the 1st quarter. Bank of America Corp DE now owns 33,554 shares of the industrial products company’s stock worth $1,125,000 after purchasing an additional 2,365 shares during the period. Finally, Quantinno Capital Management LP increased its position in Apogee Enterprises by 126.1% during the 1st quarter. Quantinno Capital Management LP now owns 26,519 shares of the industrial products company’s stock worth $889,000 after purchasing an additional 14,788 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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.