Apogee Enterprises (NASDAQ:APOG) Stock Rating Upgraded by Zacks Research

Apogee Enterprises (NASDAQ:APOG) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 5th. Weiss Ratings upgraded Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $70.50.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $40.18 on Tuesday. Apogee Enterprises has a 52-week low of $30.75 and a 52-week high of $50.88. The company has a 50-day simple moving average of $39.20 and a 200 day simple moving average of $37.54. 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 company has a market capitalization of $838.56 million, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.10 and a beta of 1.13.

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

Hedge Funds Weigh In On Apogee Enterprises

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in shares of Apogee Enterprises by 38.5% during 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 purchasing an additional 296 shares during the last quarter. Man Group plc raised its holdings in shares of Apogee Enterprises by 7.1% during the 2nd quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock valued at $254,000 after buying an additional 418 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Apogee Enterprises by 11.5% during the 2nd quarter. Lazard Asset Management LLC now owns 5,212 shares of the industrial products company’s stock valued at $210,000 after buying an additional 537 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Apogee Enterprises by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock worth $602,000 after buying an additional 556 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Apogee Enterprises by 79.5% in the 4th quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock worth $46,000 after buying an additional 556 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

About Apogee Enterprises

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.