Apogee Enterprises (NASDAQ:APOG) Upgraded 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 report published on Wednesday.

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

Apogee Enterprises Trading Up 0.2 %

NASDAQ APOG opened at $71.41 on Wednesday. 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 52 week low of $51.15 and a 52 week high of $87.93. The business has a 50 day moving average price of $78.97 and a 200-day moving average price of $70.72. The company 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 announced its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.21. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The business had revenue of $342.40 million during the quarter, compared to analyst estimates of $335.31 million. During the same quarter in the previous year, the business posted $1.36 EPS. Apogee Enterprises’s quarterly revenue 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 fiscal year.

Institutional Investors Weigh In On Apogee Enterprises

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

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).