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

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

Separately, DA Davidson cut their price objective on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday.

Apogee Enterprises Price Performance

Apogee Enterprises stock opened at $50.75 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. The company has a market capitalization of $1.11 billion, a PE ratio of 10.68 and a beta of 1.04. Apogee Enterprises has a one year low of $50.67 and a one year high of $87.93. The business has a 50 day simple moving average of $77.45 and a 200 day simple moving average of $70.72.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, topping 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 return on equity of 24.12% and a net margin of 7.58%. Apogee Enterprises’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $1.23 EPS. On average, sell-side analysts forecast that Apogee Enterprises will post 5.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Apogee Enterprises

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Apogee Enterprises by 43.2% in 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 increased its stake in shares of Apogee Enterprises by 19.9% in the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock valued at $80,000 after buying an additional 190 shares during the period. Diversified Trust Co increased its stake in shares of Apogee Enterprises by 3.6% in the 3rd quarter. Diversified Trust Co now owns 6,943 shares of the industrial products company’s stock valued at $486,000 after buying an additional 243 shares during the period. Moran Wealth Management LLC increased its stake in shares of Apogee Enterprises by 0.3% in the 3rd quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company’s stock valued at $6,887,000 after buying an additional 304 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Apogee Enterprises by 44.1% in 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 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).