Apogee Enterprises (NASDAQ:APOG) had its price target lifted by equities research analysts at DA Davidson from $28.00 to $33.00 in a report released on Friday, The Fly reports. The firm currently has a “neutral” rating on the industrial products company’s stock. DA Davidson’s price target would suggest a potential downside of 6.49% from the company’s previous close.
Several other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Apogee Enterprises from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research report on Monday, February 22nd. Craig Hallum lifted their price objective on Apogee Enterprises from $31.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, December 21st. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $32.75.
APOG stock opened at $35.29 on Friday. The firm has a 50 day moving average of $39.43 and a 200-day moving average of $31.95. Apogee Enterprises has a 12-month low of $15.82 and a 12-month high of $42.70. The company has a current ratio of 1.63, a quick ratio of 1.28 and a debt-to-equity ratio of 0.30. The company has a market cap of $917.82 million, a price-to-earnings ratio of 13.32 and a beta of 1.22.
Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Thursday, April 8th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. Apogee Enterprises had a net margin of 5.54% and a return on equity of 11.55%. The company had revenue of $308.60 million during the quarter, compared to the consensus estimate of $310.23 million. During the same period last year, the firm earned $0.51 EPS. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. Sell-side analysts forecast that Apogee Enterprises will post 2.3 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. raised its holdings in Apogee Enterprises by 201.8% in the 1st quarter. Pacer Advisors Inc. now owns 43,131 shares of the industrial products company’s stock valued at $1,763,000 after acquiring an additional 28,840 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Apogee Enterprises by 2.8% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 112,425 shares of the industrial products company’s stock valued at $3,564,000 after acquiring an additional 3,060 shares during the last quarter. Norges Bank acquired a new position in Apogee Enterprises in the 4th quarter valued at $15,015,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Apogee Enterprises in the 4th quarter valued at $2,186,000. Finally, Virtu Financial LLC acquired a new position in Apogee Enterprises in the 4th quarter valued at $287,000. Institutional investors own 81.66% of the company’s stock.
Apogee Enterprises Company Profile
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window; curtain wall; storefront; and entrance systems, such as the outside skin and entrances of commercial, institutional, and multi-family residential buildings.
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