Apogee Enterprises (NASDAQ:APOG) Upgraded at StockNews.com

StockNews.com upgraded shares of Apogee Enterprises (NASDAQ:APOG) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.

Separately, DA Davidson lifted their price target on Apogee Enterprises from $60.00 to $65.00 and gave the company a neutral rating in a research note on Friday, June 28th.

Apogee Enterprises Trading Down 0.8 %

Shares of APOG stock opened at $67.63 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.29 and a debt-to-equity ratio of 0.16. Apogee Enterprises has a twelve month low of $41.01 and a twelve month high of $69.00. The company has a market capitalization of $1.48 billion, a P/E ratio of 13.89 and a beta of 1.00. The business’s 50 day moving average is $62.92 and its two-hundred day moving average is $59.71.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.28. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. The firm had revenue of $331.50 million for the quarter, compared to the consensus estimate of $333.22 million. During the same period in the previous year, the business earned $1.05 earnings per share. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. Equities analysts forecast that Apogee Enterprises will post 4.86 EPS for the current year.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Wednesday, July 10th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.48%. Apogee Enterprises’s payout ratio is 20.53%.

Insiders Place Their Bets

In other Apogee Enterprises news, insider Brent C. Jewell sold 5,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.34, for a total transaction of $321,700.00. Following the sale, the insider now directly owns 23,405 shares in the company, valued at $1,505,877.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Apogee Enterprises news, insider Brent C. Jewell sold 5,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.34, for a total transaction of $321,700.00. Following the sale, the insider now directly owns 23,405 shares in the company, valued at $1,505,877.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lloyd Emerson Johnson sold 24,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $63.13, for a total value of $1,515,120.00. Following the sale, the director now owns 260 shares in the company, valued at $16,413.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,227 shares of company stock worth $2,733,018. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Apogee Enterprises

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in shares of Apogee Enterprises in the fourth quarter worth $31,000. Headlands Technologies LLC raised its holdings in shares of Apogee Enterprises by 340.8% in the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 593 shares during the last quarter. EntryPoint Capital LLC raised its holdings in shares of Apogee Enterprises by 31.4% in the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 222 shares during the last quarter. CWM LLC raised its holdings in shares of Apogee Enterprises by 290.6% in the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 712 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Apogee Enterprises by 599.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 959 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

About Apogee Enterprises

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).