Apogee Enterprises, Inc. (APOG) Stock Rating Lowered by ValuEngine
Apogee Enterprises, Inc. (NASDAQ:APOG) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research raised Apogee Enterprises from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a research report on Monday, June 19th. Sidoti started coverage on Apogee Enterprises in a research report on Thursday, May 25th. They set a “buy” rating and a $70.00 price target on the stock. BidaskClub downgraded Apogee Enterprises from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, DA Davidson set a $52.00 price target on Apogee Enterprises and gave the stock a “buy” rating in a research report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $63.75.
Apogee Enterprises (APOG) traded down 0.76% during trading on Friday, hitting $43.37. The stock had a trading volume of 138,230 shares. Apogee Enterprises has a 52-week low of $39.88 and a 52-week high of $61.00. The company’s 50 day moving average is $49.73 and its 200 day moving average is $54.28. The firm has a market cap of $1.25 billion, a PE ratio of 14.85 and a beta of 1.62.
Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, June 22nd. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by $0.09. The business had revenue of $272.30 million for the quarter, compared to analyst estimates of $271.13 million. Apogee Enterprises had a return on equity of 18.59% and a net margin of 7.39%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. Equities research analysts forecast that Apogee Enterprises will post $3.11 earnings per share for the current year.
In related news, Director Jerome L. Davis sold 18,706 shares of the company’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $55.04, for a total value of $1,029,578.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in APOG. Riverhead Capital Management LLC increased its position in shares of Apogee Enterprises by 99.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,398 shares of the industrial products company’s stock valued at $136,000 after acquiring an additional 1,198 shares during the period. Forward Management LLC acquired a new position in shares of Apogee Enterprises in the 2nd quarter valued at $137,000. Ameritas Investment Partners Inc. acquired a new position in shares of Apogee Enterprises in the 1st quarter valued at $146,000. Flinton Capital Management LLC increased its position in shares of Apogee Enterprises by 80.0% in the 2nd quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock valued at $174,000 after acquiring an additional 1,360 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Apogee Enterprises by 1.9% in the 1st quarter. State of Alaska Department of Revenue now owns 3,180 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 60 shares during the period.
Apogee Enterprises Company Profile
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
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