Apogee Enterprises (NASDAQ:APOG) Upgraded at Zacks Research

Zacks Research upgraded shares of Apogee Enterprises (NASDAQ:APOG) from a hold rating to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 5th. Weiss Ratings raised shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $70.50.

Apogee Enterprises Stock Performance

Shares of APOG opened at $40.27 on Tuesday. Apogee Enterprises has a 1 year low of $30.75 and a 1 year high of $50.88. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.34. The stock’s fifty day moving average price is $39.29 and its two-hundred day moving average price is $37.56. The firm has a market cap of $840.43 million, a PE ratio of 12.62, a PEG ratio of 1.13 and a beta of 1.13.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.14. Apogee Enterprises had a return on equity of 14.72% and a net margin of 4.88%.The company had revenue of $342.68 million during the quarter, compared to the consensus estimate of $333.84 million. During the same quarter in the prior year, the company earned ($0.13) EPS. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, equities research analysts forecast that Apogee Enterprises will post 2.96 EPS for the current year.

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a yield of 2.7%. Apogee Enterprises’s dividend payout ratio is 33.86%.

Institutional Investors Weigh In On Apogee Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Apogee Enterprises by 6.8% in the fourth quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock worth $95,657,000 after buying an additional 166,402 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Apogee Enterprises by 7.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,063,485 shares of the industrial products company’s stock valued at $35,668,000 after acquiring an additional 78,200 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in Apogee Enterprises by 70.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock worth $31,034,000 after acquiring an additional 351,923 shares during the period. State Street Corp increased its holdings in Apogee Enterprises by 1.8% during the 4th quarter. State Street Corp now owns 833,781 shares of the industrial products company’s stock worth $30,358,000 after acquiring an additional 14,673 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Apogee Enterprises by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 440,923 shares of the industrial products company’s stock worth $16,054,000 after purchasing an additional 34,130 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Company Profile

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.