Apogee Enterprises (NASDAQ:APOG) Downgraded by TheStreet

Apogee Enterprises (NASDAQ:APOGGet Rating) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Monday, TheStreetRatingsTable reports.

Several other equities research analysts have also issued reports on APOG. StockNews.com lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday. Craig Hallum cut Apogee Enterprises from a “buy” rating to a “hold” rating and reduced their target price for the company from $54.00 to $47.00 in a research note on Friday, April 8th.

Shares of Apogee Enterprises stock opened at $44.42 on Monday. The stock has a fifty day simple moving average of $46.31 and a 200 day simple moving average of $45.04. The company has a market capitalization of $1.10 billion, a P/E ratio of 403.85 and a beta of 1.15. The company has a current ratio of 1.45, a quick ratio of 1.34 and a debt-to-equity ratio of 0.42. Apogee Enterprises has a 12-month low of $33.88 and a 12-month high of $50.44.

Apogee Enterprises (NASDAQ:APOGGet Rating) last released its quarterly earnings data on Thursday, April 7th. The industrial products company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. Apogee Enterprises had a net margin of 0.27% and a return on equity of 13.65%. The business had revenue of $328.00 million during the quarter, compared to analyst estimates of $322.02 million. During the same period in the previous year, the business earned $0.63 EPS. Apogee Enterprises’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Apogee Enterprises will post 3.05 EPS for the current year.

In other Apogee Enterprises news, insider Brent C. Jewell sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 18th. The shares were sold at an average price of $48.86, for a total transaction of $122,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.38% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in shares of Apogee Enterprises by 492.9% in the first quarter. FMR LLC now owns 147,702 shares of the industrial products company’s stock worth $5,537,000 after acquiring an additional 122,790 shares during the period. First Trust Advisors LP lifted its holdings in Apogee Enterprises by 8.9% in the first quarter. First Trust Advisors LP now owns 95,029 shares of the industrial products company’s stock valued at $3,563,000 after acquiring an additional 7,769 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in Apogee Enterprises by 2.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 49,058 shares of the industrial products company’s stock worth $1,840,000 after purchasing an additional 1,261 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Apogee Enterprises by 128.6% during the 2nd quarter. Royal Bank of Canada now owns 3,333 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 1,875 shares during the period. Finally, Maryland State Retirement & Pension System purchased a new stake in shares of Apogee Enterprises during the 3rd quarter valued at about $386,000. 99.49% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Company Profile (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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