Apogee Enterprises (NASDAQ:APOG) Upgraded by Sidoti to Buy Rating

Apogee Enterprises (NASDAQ:APOG) was upgraded by stock analysts at Sidoti from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports.

A number of other brokerages also recently weighed in on APOG. DA Davidson lowered their price target on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

Apogee Enterprises Stock Performance

Shares of APOG stock opened at $50.75 on Friday. Apogee Enterprises has a 1-year low of $50.67 and a 1-year high of $87.93. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 10.68 and a beta of 1.04. The stock’s fifty day simple moving average is $76.95 and its 200-day simple moving average is $70.73.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The business had revenue of $341.30 million for the quarter, compared to the consensus estimate of $332.27 million. During the same quarter in the previous year, the company posted $1.23 earnings per share. Apogee Enterprises’s revenue for the quarter was up .5% compared to the same quarter last year. On average, sell-side analysts predict that Apogee Enterprises will post 5.06 earnings per share for the current fiscal year.

Institutional Trading of Apogee Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of Apogee Enterprises by 43.2% in the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after buying an additional 163 shares during the last quarter. CWM LLC lifted its position in shares of Apogee Enterprises by 19.9% in the third quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock worth $80,000 after buying an additional 190 shares during the last quarter. Diversified Trust Co lifted its position in shares of Apogee Enterprises by 3.6% during the 3rd quarter. Diversified Trust Co now owns 6,943 shares of the industrial products company’s stock worth $486,000 after purchasing an additional 243 shares during the last quarter. Moran Wealth Management LLC lifted its position in shares of Apogee Enterprises by 0.3% during the 3rd quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company’s stock worth $6,887,000 after purchasing an additional 304 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Apogee Enterprises by 44.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 396 shares during the last quarter. Institutional investors and hedge funds 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).