Apogee Enterprises (NASDAQ:APOG) Stock Rating Upgraded by Wall Street Zen

Apogee Enterprises (NASDAQ:APOG) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Apogee Enterprises in a report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.00.

Apogee Enterprises Stock Down 0.4%

Apogee Enterprises stock traded down $0.13 during trading hours on Friday, hitting $34.44. The stock had a trading volume of 215,885 shares, compared to its average volume of 268,404. The company has a quick ratio of 1.37, a current ratio of 1.76 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $740.84 million, a P/E ratio of 16.88 and a beta of 1.10. Apogee Enterprises has a 12-month low of $33.75 and a 12-month high of $87.93. The stock’s 50-day moving average price is $40.89 and its 200-day moving average price is $41.11.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Thursday, October 9th. The industrial products company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.14. The firm had revenue of $358.19 million for the quarter, compared to analysts’ expectations of $350.91 million. Apogee Enterprises had a net margin of 3.19% and a return on equity of 15.76%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. Equities research analysts anticipate that Apogee Enterprises will post 4.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Apogee Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. increased its stake in Apogee Enterprises by 477.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 699 shares of the industrial products company’s stock worth $30,000 after buying an additional 578 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Apogee Enterprises during the second quarter worth about $38,000. Financial Gravity Companies Inc. purchased a new stake in shares of Apogee Enterprises during the second quarter worth about $38,000. Quarry LP raised its stake in Apogee Enterprises by 3,991.1% during the 1st quarter. Quarry LP now owns 1,841 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 1,796 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Apogee Enterprises by 46.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 637 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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).