Apogee Enterprises (NASDAQ:APOG) Raised to Strong-Buy at StockNews.com

Apogee Enterprises (NASDAQ:APOG) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

Separately, DA Davidson raised their price target on Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th.

Apogee Enterprises Stock Performance

NASDAQ:APOG opened at $80.00 on Monday. Apogee Enterprises has a 1-year low of $48.03 and a 1-year high of $87.93. The firm has a 50 day simple moving average of $80.12 and a 200-day simple moving average of $69.63. The firm has a market cap of $1.76 billion, a PE ratio of 16.84 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.21. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The company had revenue of $342.40 million during the quarter, compared to the consensus estimate of $335.31 million. During the same period in the previous year, the firm posted $1.36 EPS. Apogee Enterprises’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts expect that Apogee Enterprises will post 5.06 EPS for the current year.

Institutional Trading of Apogee Enterprises

Several institutional investors have recently made changes to their positions in the stock. Gladius Capital Management LP purchased a new position in shares of Apogee Enterprises in the 3rd quarter worth $33,000. GAMMA Investing LLC raised its holdings in shares of Apogee Enterprises by 43.2% in the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 163 shares during the period. Quarry LP lifted its stake in shares of Apogee Enterprises by 959.4% in the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 662 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Apogee Enterprises during the 3rd quarter worth about $58,000. Finally, CWM LLC increased its position in Apogee Enterprises by 290.6% during the 2nd quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 712 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

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).