Apogee Enterprises (NASDAQ:APOG) Downgraded by Wall Street Zen to “Hold”

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

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

Apogee Enterprises Trading Down 4.0%

NASDAQ APOG opened at $41.93 on Friday. The company has a market capitalization of $902.75 million, a PE ratio of 17.92 and a beta of 1.05. The company has a fifty day moving average of $42.77 and a 200 day moving average of $42.88. Apogee Enterprises has a 1 year low of $37.53 and a 1 year high of $87.93. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 1.36.

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

Institutional Investors Weigh In On Apogee Enterprises

Large investors have recently modified their holdings of the company. Financial Gravity Companies Inc. purchased a new stake in shares of Apogee Enterprises in the 2nd quarter valued at approximately $38,000. Raymond James Financial Inc. purchased a new stake in shares of Apogee Enterprises in the 2nd quarter valued at approximately $38,000. Public Employees Retirement System of Ohio purchased a new position in shares of Apogee Enterprises in the 4th quarter valued at $42,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Apogee Enterprises in the 1st quarter valued at $44,000. Finally, Quarry LP grew its position in shares of Apogee Enterprises by 3,991.1% in the 1st quarter. Quarry LP now owns 1,841 shares of the industrial products company’s stock valued at $85,000 after buying an additional 1,796 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

About Apogee Enterprises

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).