Apogee Enterprises (NASDAQ:APOG) Downgraded by Zacks Research to “Strong Sell”

Apogee Enterprises (NASDAQ:APOGGet Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Apogee Enterprises in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $70.50.

Check Out Our Latest Stock Report on Apogee Enterprises

Apogee Enterprises Stock Up 1.8%

APOG opened at $35.86 on Wednesday. The business’s 50-day simple moving average is $34.83 and its 200-day simple moving average is $36.67. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.65. Apogee Enterprises has a one year low of $30.75 and a one year high of $49.99. The stock has a market capitalization of $765.61 million, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 1.03 and a beta of 1.17.

Apogee Enterprises (NASDAQ:APOGGet Free Report) last posted its earnings results on Friday, April 24th. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Apogee Enterprises had a return on equity of 14.89% and a net margin of 3.85%.The business had revenue of $351.35 million for the quarter, compared to analysts’ expectations of $335.98 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Analysts anticipate that Apogee Enterprises will post 2.85 EPS for the current year.

Hedge Funds Weigh In On Apogee Enterprises

Several institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in Apogee Enterprises by 38.5% in 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 acquiring an additional 296 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Apogee Enterprises by 7.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,241 shares of the industrial products company’s stock valued at $268,000 after acquiring an additional 406 shares during the period. Man Group plc increased its position in Apogee Enterprises by 7.1% in the 2nd quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock valued at $254,000 after acquiring an additional 418 shares during the period. Lazard Asset Management LLC increased its position in Apogee Enterprises by 11.5% in the 2nd quarter. Lazard Asset Management LLC now owns 5,212 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 537 shares during the period. Finally, Hantz Financial Services Inc. increased 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 valued at $46,000 after acquiring an additional 556 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

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.

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