DA Davidson Increases Apogee Enterprises (NASDAQ:APOG) Price Target to $65.00

Apogee Enterprises (NASDAQ:APOG) had its price target hoisted by DA Davidson from $60.00 to $65.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. DA Davidson’s price objective would indicate a potential upside of 3.45% from the stock’s previous close. DA Davidson also issued estimates for Apogee Enterprises’ Q2 2025 earnings at $1.20 EPS and FY2025 earnings at $4.86 EPS.

Apogee Enterprises Trading Down 1.9 %

Shares of NASDAQ APOG opened at $62.84 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.18. The stock has a market capitalization of $1.39 billion, a P/E ratio of 12.90 and a beta of 1.05. Apogee Enterprises has a 1-year low of $41.01 and a 1-year high of $67.92. The business has a fifty day moving average price of $63.45 and a 200 day moving average price of $58.17.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Thursday, June 27th. The industrial products company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.28. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. The company had revenue of $331.50 million during the quarter, compared to analysts’ expectations of $333.22 million. During the same period last year, the business posted $1.05 earnings per share. The firm’s revenue was down 8.3% compared to the same quarter last year. Equities research analysts expect that Apogee Enterprises will post 4.83 EPS for the current fiscal year.

Insider Buying and Selling at Apogee Enterprises

In other news, CEO Ty R. Silberhorn sold 10,679 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $63.10, for a total value of $673,844.90. Following the completion of the transaction, the chief executive officer now directly owns 110,806 shares in the company, valued at $6,991,858.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Ty R. Silberhorn sold 10,679 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $63.10, for a total value of $673,844.90. Following the completion of the transaction, the chief executive officer now directly owns 110,806 shares in the company, valued at $6,991,858.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lloyd Emerson Johnson sold 24,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $63.13, for a total value of $1,515,120.00. Following the completion of the transaction, the director now owns 260 shares of the company’s stock, valued at $16,413.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,252 shares of company stock worth $4,786,214. 2.00% of the stock is owned by insiders.

Institutional Trading of Apogee Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC grew its holdings in Apogee Enterprises by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 15,235 shares of the industrial products company’s stock worth $814,000 after acquiring an additional 211 shares during the period. EntryPoint Capital LLC grew its holdings in Apogee Enterprises by 31.4% during the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 222 shares during the period. Texas Permanent School Fund Corp grew its holdings in Apogee Enterprises by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 19,329 shares of the industrial products company’s stock worth $1,144,000 after acquiring an additional 261 shares during the period. Panagora Asset Management Inc. grew its holdings in Apogee Enterprises by 0.3% during the fourth quarter. Panagora Asset Management Inc. now owns 133,870 shares of the industrial products company’s stock worth $7,150,000 after acquiring an additional 401 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Apogee Enterprises by 1.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,772 shares of the industrial products company’s stock worth $1,349,000 after acquiring an additional 428 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

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).