Apogee Enterprises (NASDAQ:APOG) Lowered to “Buy” Rating by StockNews.com

Apogee Enterprises (NASDAQ:APOG) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Separately, DA Davidson upped their price target on shares of Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th.

Apogee Enterprises Price Performance

Shares of NASDAQ:APOG opened at $82.03 on Friday. Apogee Enterprises has a 52 week low of $44.46 and a 52 week high of $87.93. The business has a fifty day simple moving average of $74.66 and a 200-day simple moving average of $67.53. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.80 billion, a P/E ratio of 17.27 and a beta of 0.97.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.21. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The business had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. During the same period last year, the company posted $1.36 EPS. The business’s quarterly revenue was down 3.2% on a year-over-year basis. Equities research analysts forecast that Apogee Enterprises will post 5.06 EPS for the current year.

Institutional Trading of Apogee Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in Apogee Enterprises by 43.2% during the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after buying an additional 163 shares in the last quarter. CWM LLC boosted its position in Apogee Enterprises by 19.9% during the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 190 shares during the period. Louisiana State Employees Retirement System boosted its position in Apogee Enterprises by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock valued at $697,000 after purchasing an additional 200 shares during the period. EntryPoint Capital LLC grew its stake in Apogee Enterprises by 31.4% during the 1st quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after buying an additional 222 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its position in Apogee Enterprises by 1.5% in the second quarter. SummerHaven Investment Management LLC now owns 15,641 shares of the industrial products company’s stock worth $983,000 after buying an additional 231 shares during the period. 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).