BidaskClub cut shares of Apogee Enterprises (NASDAQ:APOG) from a hold rating to a sell rating in a research note published on Saturday morning.

Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Apogee Enterprises from a buy rating to a hold rating in a research report on Wednesday, August 29th. ValuEngine raised shares of Apogee Enterprises from a sell rating to a hold rating in a research report on Tuesday, July 31st. TheStreet raised shares of Apogee Enterprises from a c+ rating to a b rating in a research report on Thursday, June 28th. Finally, DA Davidson downgraded shares of Apogee Enterprises from a buy rating to a neutral rating and lifted their price target for the company from $47.00 to $52.00 in a research report on Friday, June 29th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $54.00.

Shares of APOG stock opened at $48.84 on Friday. The company has a market cap of $1.38 billion, a PE ratio of 15.76, a P/E/G ratio of 1.37 and a beta of 1.49. Apogee Enterprises has a 52 week low of $37.24 and a 52 week high of $51.33. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.68 and a quick ratio of 1.30.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Thursday, June 28th. The industrial products company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.53 by $0.09. The company had revenue of $336.50 million during the quarter, compared to the consensus estimate of $304.46 million. Apogee Enterprises had a net margin of 5.66% and a return on equity of 17.33%. The company’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. sell-side analysts expect that Apogee Enterprises will post 3.57 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Capital Management LLC grew its position in Apogee Enterprises by 11.4% in the 2nd quarter. Janney Capital Management LLC now owns 10,797 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 1,101 shares during the period. Rhumbline Advisers grew its position in Apogee Enterprises by 1.9% in the 1st quarter. Rhumbline Advisers now owns 68,628 shares of the industrial products company’s stock valued at $2,975,000 after purchasing an additional 1,247 shares during the period. Aperio Group LLC grew its position in Apogee Enterprises by 9.0% in the 1st quarter. Aperio Group LLC now owns 15,195 shares of the industrial products company’s stock valued at $659,000 after purchasing an additional 1,261 shares during the period. First Interstate Bank grew its position in Apogee Enterprises by 77.2% in the 2nd quarter. First Interstate Bank now owns 3,474 shares of the industrial products company’s stock valued at $167,000 after purchasing an additional 1,514 shares during the period. Finally, Xact Kapitalforvaltning AB grew its position in Apogee Enterprises by 36.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 6,744 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 1,800 shares during the period. 99.78% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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