Apogee Enterprises (NASDAQ:APOG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Apogee Enterprises (NASDAQ:APOGFree Report) from a hold rating to a buy rating in a report issued on Saturday morning.

A number of other brokerages also recently commented on APOG. Weiss Ratings raised Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Zacks Research upgraded shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Apogee Enterprises has an average rating of “Buy” and a consensus price target of $70.50.

Check Out Our Latest Analysis on Apogee Enterprises

Apogee Enterprises Stock Up 0.6%

Shares of NASDAQ APOG opened at $40.99 on Friday. The stock has a market cap of $855.46 million, a P/E ratio of 12.85, a PEG ratio of 1.15 and a beta of 1.13. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46. Apogee Enterprises has a 12-month low of $30.75 and a 12-month high of $50.88. The business’s fifty day simple moving average is $39.56 and its 200-day simple moving average is $37.61.

Apogee Enterprises (NASDAQ:APOGGet Free Report) last released its earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. Apogee Enterprises had a return on equity of 14.72% and a net margin of 4.88%.The firm had revenue of $342.68 million during the quarter, compared to analyst estimates of $333.84 million. During the same period last year, the business posted ($0.13) earnings per share. Apogee Enterprises’s revenue was down 1.1% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. As a group, equities analysts predict that Apogee Enterprises will post 2.96 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a yield of 2.6%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 33.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Deprince Race & Zollo Inc. raised its position in shares of Apogee Enterprises by 70.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock worth $31,034,000 after acquiring an additional 351,923 shares in the last quarter. Millennium Management LLC boosted its holdings 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 in the last quarter. Federated Hermes Inc. boosted its holdings in Apogee Enterprises by 524.3% in the fourth quarter. Federated Hermes Inc. now owns 228,361 shares of the industrial products company’s stock valued at $8,315,000 after purchasing an additional 191,783 shares in the last quarter. Vanguard Group Inc. increased its stake in Apogee Enterprises by 6.8% in the fourth quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock valued at $95,657,000 after purchasing an additional 166,402 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Apogee Enterprises by 103.2% in the fourth quarter. Russell Investments Group Ltd. now owns 216,607 shares of the industrial products company’s stock valued at $7,887,000 after purchasing an additional 110,023 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Company Profile

(Get Free Report)

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.

Further Reading

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