Apogee Enterprises (NASDAQ:APOG) Lifted to Buy at StockNews.com

Apogee Enterprises (NASDAQ:APOGGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

A number of other research firms have also issued reports on APOG. TheStreet lowered shares of Apogee Enterprises from a “b-” rating to a “c+” rating in a research report on Monday, April 11th. Craig Hallum lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating and reduced their price target for the stock from $54.00 to $47.00 in a research report on Friday, April 8th.

APOG stock traded down $1.79 during trading on Friday, reaching $46.10. The company had a trading volume of 102,422 shares, compared to its average volume of 195,186. The firm has a 50-day simple moving average of $46.62 and a 200-day simple moving average of $45.41. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 419.13 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.34 and a current ratio of 1.45. Apogee Enterprises has a twelve month low of $33.88 and a twelve month high of $50.44.

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

Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Apogee Enterprises by 1.7% during the 4th quarter. BlackRock Inc. now owns 4,133,579 shares of the industrial products company’s stock valued at $199,033,000 after purchasing an additional 71,072 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Apogee Enterprises by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 2,265,595 shares of the industrial products company’s stock valued at $85,548,000 after purchasing an additional 184,697 shares in the last quarter. State Street Corp increased its holdings in shares of Apogee Enterprises by 0.6% during the 4th quarter. State Street Corp now owns 1,297,154 shares of the industrial products company’s stock valued at $62,458,000 after purchasing an additional 8,342 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Apogee Enterprises by 7.6% during the 4th quarter. Segall Bryant & Hamill LLC now owns 957,661 shares of the industrial products company’s stock valued at $46,111,000 after purchasing an additional 67,503 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Apogee Enterprises by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 459,798 shares of the industrial products company’s stock valued at $22,139,000 after purchasing an additional 16,402 shares in the last quarter. 99.49% 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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