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Apogee Enterprises (NASDAQ:APOG - Get Rating) was upgraded by research analysts at TheStreet from a "c+" rating to a "b-" rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.
APOG has been the subject of a number of other reports. Craig Hallum cut their price target on Apogee Enterprises from $47.00 to $43.00 and set a "hold" rating for the company in a report on Friday. StockNews.com raised Apogee Enterprises from a "hold" rating to a "buy" rating in a report on Friday, April 22nd.
Shares of NASDAQ APOG opened at $41.98 on Thursday. The stock has a market cap of $931.96 million, a PE ratio of 60.84 and a beta of 1.12. The business has a fifty day moving average of $42.32 and a two-hundred day moving average of $44.93. Apogee Enterprises has a 52-week low of $33.88 and a 52-week high of $50.44. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.10 and a current ratio of 1.79.
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Apogee Enterprises (NASDAQ:APOG - Get Rating) last issued its quarterly earnings data on Thursday, April 7th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.17. The company had revenue of $328.00 million during the quarter, compared to analysts' expectations of $322.02 million. Apogee Enterprises had a return on equity of 17.91% and a net margin of 1.15%. The business's revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.63 earnings per share. Analysts predict that Apogee Enterprises will post 3.7 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd raised its holdings in Apogee Enterprises by 35.1% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,300 shares of the industrial products company's stock worth $62,000 after purchasing an additional 338 shares during the last quarter. Rhumbline Advisers raised its holdings in Apogee Enterprises by 0.6% during the 1st quarter. Rhumbline Advisers now owns 70,989 shares of the industrial products company's stock worth $3,369,000 after purchasing an additional 404 shares during the last quarter. Voya Investment Management LLC raised its holdings in Apogee Enterprises by 1.9% during the 3rd quarter. Voya Investment Management LLC now owns 22,479 shares of the industrial products company's stock worth $849,000 after purchasing an additional 412 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Apogee Enterprises by 8.5% during the 1st quarter. Teacher Retirement System of Texas now owns 5,283 shares of the industrial products company's stock worth $251,000 after purchasing an additional 414 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Apogee Enterprises by 6.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,654 shares of the industrial products company's stock worth $369,000 after purchasing an additional 460 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.
About Apogee Enterprises (Get Rating)
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window; curtain wall; storefront; and entrance systems, such as the outside skin and entrances of commercial, institutional, and multi-family residential buildings.
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