Apogee Enterprises (NASDAQ:APOG) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Apogee Enterprises (NASDAQ:APOG) from a hold rating to a strong sell rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other research firms have also commented 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. DA Davidson set a $46.00 target price on Apogee Enterprises in a research report on Friday, January 9th. Stephens assumed coverage on Apogee Enterprises in a report on Tuesday, December 16th. They set an “overweight” rating and a $95.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Apogee Enterprises in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $70.50.

Apogee Enterprises Stock Performance

Shares of NASDAQ APOG opened at $39.64 on Tuesday. The stock’s fifty day simple moving average is $36.93 and its 200 day simple moving average is $39.84. The stock has a market capitalization of $852.66 million, a price-to-earnings ratio of 21.43 and a beta of 1.08. The company has a quick ratio of 1.45, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. Apogee Enterprises has a 52-week low of $30.75 and a 52-week high of $57.21.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Wednesday, January 7th. The industrial products company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). The company had revenue of $348.56 million for the quarter, compared to analysts’ expectations of $355.29 million. Apogee Enterprises had a net margin of 2.86% and a return on equity of 15.02%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. As a group, sell-side analysts forecast that Apogee Enterprises will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Tuesday, February 3rd will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, February 3rd. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.26. Apogee Enterprises’s dividend payout ratio (DPR) is presently 56.22%.

Institutional Trading of Apogee Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. increased its holdings in shares of Apogee Enterprises by 477.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 699 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 578 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Apogee Enterprises during the second quarter worth approximately $38,000. Financial Gravity Companies Inc. acquired a new position in Apogee Enterprises during the second quarter valued at approximately $38,000. PNC Financial Services Group Inc. grew its holdings in Apogee Enterprises by 46.9% during the third quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 637 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC bought a new position in shares of Apogee Enterprises in the second quarter valued at approximately $86,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.