Posted by admin on Jun 25th, 2022

Apogee Enterprises (NASDAQ:APOG – Get Rating) had its price target trimmed by Craig Hallum from $47.00 to $43.00 in a report published on Friday, The Fly reports. The firm currently has a hold rating on the industrial products company’s stock.

Several other brokerages also recently weighed in on APOG. TheStreet downgraded Apogee Enterprises from a b- rating to a c+ rating in a research note on Monday, April 11th. StockNews.com upgraded Apogee Enterprises from a hold rating to a buy rating in a research note on Friday, April 22nd.

APOG opened at $41.98 on Friday. The company has a market cap of $931.96 million, a PE ratio of 60.84 and a beta of 1.12. The stock has a 50-day moving average of $42.32 and a 200-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.

Apogee Enterprises (NASDAQ:APOG – Get Rating) last released its quarterly earnings results on Thursday, April 7th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.17. The company had revenue of $328.00 million during the quarter, compared to the consensus estimate of $322.02 million. Apogee Enterprises had a return on equity of 17.91% and a net margin of 1.15%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS. On average, research analysts predict that Apogee Enterprises will post 3.7 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Tuesday, July 12th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, July 11th. This represents a $0.88 annualized dividend and a yield of 2.10%. Apogee Enterprises’s payout ratio is 127.54%.

A number of large investors have recently made changes to their positions in APOG. Segall Bryant & Hamill LLC raised its holdings in Apogee Enterprises by 33.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 890,158 shares of the industrial products company’s stock valued at $33,610,000 after acquiring an additional 221,010 shares in the last quarter. Daventry Group LP acquired a new position in Apogee Enterprises in the 4th quarter valued at approximately $9,391,000. Vanguard Group Inc. raised its holdings in Apogee Enterprises by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 2,868,027 shares of the industrial products company’s stock valued at $136,117,000 after acquiring an additional 182,687 shares in the last quarter. Wellington Management Group LLP acquired a new position in Apogee Enterprises in the 3rd quarter valued at approximately $6,397,000. Finally, Panagora Asset Management Inc. raised its holdings in Apogee Enterprises by 239.4% in the 1st quarter. Panagora Asset Management Inc. now owns 108,666 shares of the industrial products company’s stock valued at $5,157,000 after acquiring an additional 76,645 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

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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