Apogee Enterprises (NASDAQ:APOG) Upgraded at DA Davidson

DA Davidson upgraded shares of Apogee Enterprises (NASDAQ:APOG) from a neutral rating to a buy rating in a report published on Monday, Marketbeat Ratings reports. DA Davidson currently has $47.00 price target on the industrial products company’s stock. DA Davidson also issued estimates for Apogee Enterprises’ Q3 2026 earnings at $1.02 EPS.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Apogee Enterprises in a report on Thursday, October 30th. Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Apogee Enterprises Stock Performance

APOG opened at $33.60 on Monday. The firm has a fifty day moving average price of $39.46 and a 200 day moving average price of $40.70. The stock has a market cap of $722.74 million, a P/E ratio of 16.47 and a beta of 1.10. Apogee Enterprises has a 1 year low of $32.77 and a 1 year high of $86.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.76 and a quick ratio of 1.37.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Friday, October 10th. The industrial products company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.14. Apogee Enterprises had a return on equity of 15.76% and a net margin of 3.19%.The firm had revenue of $358.19 million for the quarter, compared to analysts’ expectations of $350.91 million. During the same period last year, the firm earned $1.44 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts anticipate that Apogee Enterprises will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.1%. Apogee Enterprises’s payout ratio is currently 50.98%.

Hedge Funds Weigh In On Apogee Enterprises

Several large investors have recently bought and sold shares of APOG. Millennium Management LLC increased its stake in Apogee Enterprises by 1,074.3% in the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock valued at $14,836,000 after purchasing an additional 292,952 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in Apogee Enterprises by 97.1% in the third quarter. Deprince Race & Zollo Inc. now owns 500,428 shares of the industrial products company’s stock valued at $21,804,000 after purchasing an additional 246,529 shares during the period. Segall Bryant & Hamill LLC raised its stake in Apogee Enterprises by 27.9% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 925,641 shares of the industrial products company’s stock valued at $37,581,000 after acquiring an additional 201,653 shares during the last quarter. TrueMark Investments LLC purchased a new stake in shares of Apogee Enterprises during the third quarter worth approximately $6,335,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Apogee Enterprises by 103.2% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 193,150 shares of the industrial products company’s stock worth $8,949,000 after acquiring an additional 98,080 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).