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

StockNews.com upgraded shares of Apogee Enterprises (NASDAQ:APOG) from a buy rating to a strong-buy rating in a research report released on Wednesday.

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

Apogee Enterprises Stock Up 0.2 %

APOG opened at $71.41 on Wednesday. The company’s 50-day moving average price is $78.97 and its two-hundred day moving average price is $70.72. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. Apogee Enterprises has a twelve month low of $51.15 and a twelve month high of $87.93. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 15.03 and a beta of 0.99.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 EPS 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 business had revenue of $342.40 million for the quarter, compared to the consensus estimate of $335.31 million. During the same quarter in the prior year, the business earned $1.36 earnings per share. Apogee Enterprises’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities analysts expect that Apogee Enterprises will post 5.06 earnings per share for the current year.

Institutional Investors Weigh In On Apogee Enterprises

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP bought a new position in shares of Apogee Enterprises in the third quarter worth $33,000. GAMMA Investing LLC raised its stake in shares of Apogee Enterprises by 43.2% during the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 163 shares during the period. Quarry LP lifted its holdings in Apogee Enterprises by 959.4% during the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 662 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Apogee Enterprises in the 3rd quarter worth about $58,000. Finally, CWM LLC grew its holdings in Apogee Enterprises by 19.9% during the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock valued at $80,000 after buying an additional 190 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

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).