Apogee Enterprises (NASDAQ:APOG) Stock Rating Upgraded by Wall Street Zen

Apogee Enterprises (NASDAQ:APOG) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Separately, DA Davidson dropped their target price on Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Apogee Enterprises has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Apogee Enterprises Stock Performance

APOG opened at $43.62 on Friday. Apogee Enterprises has a 52-week low of $37.53 and a 52-week high of $87.93. The firm has a market capitalization of $939.14 million, a PE ratio of 18.64 and a beta of 1.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. The business’s 50-day simple moving average is $42.76 and its 200 day simple moving average is $43.05.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, June 27th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%.The business had revenue of $346.62 million for the quarter, compared to analyst estimates of $326.08 million. During the same quarter in the prior year, the company posted $1.44 earnings per share. Apogee Enterprises’s revenue was up 4.6% on a year-over-year basis. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, sell-side analysts expect that Apogee Enterprises will post 4.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Apogee Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in shares of Apogee Enterprises in the first quarter valued at approximately $691,000. SG Americas Securities LLC acquired a new position in shares of Apogee Enterprises in the first quarter valued at approximately $280,000. Janney Montgomery Scott LLC grew its position in shares of Apogee Enterprises by 18.5% in the first quarter. Janney Montgomery Scott LLC now owns 29,914 shares of the industrial products company’s stock valued at $1,386,000 after purchasing an additional 4,680 shares during the last quarter. Bank of America Corp DE grew its position in shares of Apogee Enterprises by 6.7% in the fourth quarter. Bank of America Corp DE now owns 103,804 shares of the industrial products company’s stock valued at $7,413,000 after purchasing an additional 6,529 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its position in shares of Apogee Enterprises by 16.7% in the first quarter. Johnson Investment Counsel Inc. now owns 4,633 shares of the industrial products company’s stock valued at $215,000 after purchasing an additional 663 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).