Apogee Enterprises (NASDAQ:APOG) Stock Rating Upgraded by StockNews.com

Apogee Enterprises (NASDAQ:APOG) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

Separately, DA Davidson increased their target price on Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th.

Apogee Enterprises Price Performance

APOG opened at $79.45 on Tuesday. The firm has a market cap of $1.74 billion, a PE ratio of 16.31 and a beta of 0.98. The stock has a 50-day moving average price of $67.92 and a 200-day moving average price of $64.39. Apogee Enterprises has a 1 year low of $41.01 and a 1 year high of $86.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.21. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The business had revenue of $342.40 million during the quarter, compared to analysts’ expectations of $335.31 million. During the same period in the previous year, the company earned $1.36 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Sell-side analysts predict that Apogee Enterprises will post 5.06 earnings per share for the current fiscal year.

Institutional Trading of Apogee Enterprises

A number of institutional investors have recently made changes to their positions in APOG. Pacer Advisors Inc. lifted its position in Apogee Enterprises by 15.5% during the second quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock valued at $57,620,000 after purchasing an additional 122,811 shares during the period. American Century Companies Inc. lifted its holdings in shares of 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 buying an additional 99,495 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Apogee Enterprises by 1,004.1% during the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock valued at $4,567,000 after buying an additional 66,100 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Apogee Enterprises in the 2nd quarter worth $3,547,000. Finally, Vanguard Group Inc. grew its holdings in shares of Apogee Enterprises by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock worth $165,429,000 after acquiring an additional 53,484 shares during the period. Hedge funds and other 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).