Zacks Research Upgrades Apogee Enterprises (NASDAQ:APOG) to Hold

Apogee Enterprises (NASDAQ:APOG) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Weiss Ratings downgraded Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 21st. DA Davidson set a $46.00 price target on shares of Apogee Enterprises in a research note on Friday, January 9th. Finally, Stephens assumed coverage on shares of Apogee Enterprises in a report on Tuesday, December 16th. They issued an “overweight” rating and a $95.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $70.50.

Apogee Enterprises Price Performance

Shares of APOG opened at $32.95 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average is $38.01 and its two-hundred day moving average is $38.65. Apogee Enterprises has a twelve month low of $30.75 and a twelve month high of $49.99. The firm has a market capitalization of $708.75 million, a PE ratio of 17.81 and a beta of 1.09.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Wednesday, January 7th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). Apogee Enterprises had a return on equity of 15.02% and a net margin of 2.86%.The business had revenue of $348.56 million for the quarter, compared to analysts’ expectations of $355.29 million. During the same period last year, the company posted $1.19 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. Research analysts anticipate that Apogee Enterprises will post 4.97 earnings per share for the current year.

Institutional Investors Weigh In On Apogee Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Apogee Enterprises by 0.5% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 50,328 shares of the industrial products company’s stock worth $2,043,000 after buying an additional 250 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Apogee Enterprises by 5.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,539 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 285 shares during the period. Rhumbline Advisers grew its position in Apogee Enterprises by 0.6% during the second quarter. Rhumbline Advisers now owns 63,399 shares of the industrial products company’s stock valued at $2,574,000 after acquiring an additional 386 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Apogee Enterprises by 7.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,241 shares of the industrial products company’s stock worth $268,000 after acquiring an additional 406 shares during the last quarter. Finally, Man Group plc raised its holdings in shares of Apogee Enterprises by 7.1% in the 2nd quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock worth $254,000 after purchasing an additional 418 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.