Apogee Enterprises (NASDAQ:APOG) Stock Rating Upgraded by DA Davidson

Apogee Enterprises (NASDAQ:APOG) was upgraded by investment analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat reports. The brokerage currently has a $47.00 price target on the industrial products company’s stock. DA Davidson’s price target would indicate a potential upside of 37.91% from the stock’s current price.

A number of other research firms have also weighed in on APOG. Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apogee Enterprises in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Apogee Enterprises Stock Up 1.7%

NASDAQ APOG opened at $34.08 on Monday. Apogee Enterprises has a one year low of $32.77 and a one year high of $86.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.76. The business has a fifty day moving average price of $39.62 and a 200 day moving average price of $40.75. The company has a market cap of $733.06 million, a P/E ratio of 16.71 and a beta of 1.10.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, October 10th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.14. The business had revenue of $358.19 million during the quarter, compared to analyst estimates of $350.91 million. Apogee Enterprises had a net margin of 3.19% and a return on equity of 15.76%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Research analysts anticipate that Apogee Enterprises will post 4.97 EPS for the current fiscal year.

Institutional Trading of Apogee Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Apogee Enterprises in the 1st quarter valued at $596,000. State of Alaska Department of Revenue grew its position in Apogee Enterprises by 5.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,850 shares of the industrial products company’s stock valued at $521,000 after acquiring an additional 686 shares in the last quarter. PharVision Advisers LLC purchased a new stake in Apogee Enterprises during the first quarter worth about $268,000. Voya Investment Management LLC lifted its position in shares of Apogee Enterprises by 29.0% during the first quarter. Voya Investment Management LLC now owns 113,571 shares of the industrial products company’s stock worth $5,262,000 after purchasing an additional 25,514 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its stake in shares of Apogee Enterprises by 31.1% in the second quarter. Moody National Bank Trust Division now owns 30,865 shares of the industrial products company’s stock valued at $1,253,000 after purchasing an additional 7,329 shares during the period. Hedge funds and other institutional investors 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).