Apogee Enterprises (NASDAQ:APOG) Stock Rating Upgraded by StockNews.com

Apogee Enterprises (NASDAQ:APOG) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

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

Apogee Enterprises Stock Performance

Shares of APOG opened at $71.26 on Wednesday. The company has a 50-day moving average of $78.90 and a two-hundred day moving average of $70.73. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 15.00 and a beta of 0.99. 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 has a one year low of $51.15 and a one year high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data 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. The firm had revenue of $342.40 million for the quarter, compared to analysts’ expectations of $335.31 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 EPS. On average, equities research analysts expect that Apogee Enterprises will post 5.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in APOG. GAMMA Investing LLC boosted its stake in shares of Apogee Enterprises by 43.2% during the 3rd 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 during the period. CWM LLC grew its stake in Apogee Enterprises by 19.9% in the third 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 in the last quarter. Diversified Trust Co increased its position in Apogee Enterprises by 3.6% in 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 raised its stake 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings 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 valued at $91,000 after buying 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).