Apogee Enterprises (NASDAQ:APOG) Rating Lowered to “Hold” at Wall Street Zen

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

A number of other equities analysts have also commented on APOG. Weiss Ratings reissued a “hold (c-)” rating on shares of Apogee Enterprises in a report on Wednesday, October 8th. DA Davidson decreased their price target on shares of Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Apogee Enterprises presently has an average rating of “Hold” and a consensus target price of $45.00.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $39.12 on Friday. Apogee Enterprises has a 1 year low of $37.25 and a 1 year high of $87.93. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.76 and a quick ratio of 1.37. The stock has a market capitalization of $841.47 million, a PE ratio of 19.18 and a beta of 1.06. The company’s 50 day simple moving average is $42.42 and its two-hundred day simple moving average is $41.76.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, October 9th. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.14. The firm had revenue of $358.19 million for the quarter, compared to analyst estimates of $350.91 million. Apogee Enterprises had a net margin of 3.19% and a return on equity of 15.76%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.44 EPS. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. Analysts predict that Apogee Enterprises will post 4.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Apogee Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Apogee Enterprises during the 2nd quarter valued at $38,000. Financial Gravity Asset Management Inc. bought a new stake in Apogee Enterprises in the 1st quarter worth $44,000. Financial Gravity Companies Inc. bought a new stake in Apogee Enterprises in the 2nd quarter worth $38,000. Quarry LP grew its holdings in Apogee Enterprises by 3,991.1% in the 1st quarter. Quarry LP now owns 1,841 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 1,796 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC bought a new stake in Apogee Enterprises in the 2nd quarter worth $86,000. Institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

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).