Apogee Enterprises (NASDAQ:APOG) Upgraded at Singular Research

Apogee Enterprises (NASDAQ:APOG) was upgraded by Singular Research to a “moderate buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the company. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th. Finally, DA Davidson dropped their price objective on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th.

Apogee Enterprises Stock Performance

Shares of APOG stock opened at $54.69 on Tuesday. The company has a fifty day moving average price of $75.95 and a two-hundred day moving average price of $70.67. Apogee Enterprises has a one year low of $49.58 and a one year high of $87.93. The stock has a market cap of $1.20 billion, a P/E ratio of 11.51 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32.

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

Institutional Trading of Apogee Enterprises

Several hedge funds have recently added to or reduced their stakes in APOG. Pacer Advisors Inc. grew its holdings in Apogee Enterprises by 15.5% in the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock valued at $57,620,000 after buying an additional 122,811 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Apogee Enterprises by 1.4% in the third quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock valued at $37,131,000 after acquiring an additional 7,382 shares during the period. American Century Companies Inc. boosted its position in shares of Apogee Enterprises by 23.2% in the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock valued at $33,225,000 after acquiring an additional 99,495 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Apogee Enterprises by 70.8% in the third quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock valued at $11,369,000 after acquiring an additional 67,295 shares in the last quarter. Finally, FMR LLC increased its position in Apogee Enterprises by 12.5% during the third quarter. FMR LLC now owns 104,690 shares of the industrial products company’s stock worth $7,330,000 after acquiring an additional 11,627 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

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).