BidaskClub upgraded shares of Apogee Enterprises (NASDAQ:APOG) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning, BidAskClub reports.

APOG has been the subject of a number of other reports. Craig Hallum boosted their price target on shares of Apogee Enterprises from $46.00 to $52.00 and gave the company a buy rating in a research report on Friday, June 28th. ValuEngine upgraded shares of Apogee Enterprises from a sell rating to a hold rating in a research report on Tuesday. Finally, TheStreet lowered shares of Apogee Enterprises from a b- rating to a c+ rating in a research report on Tuesday, August 27th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Apogee Enterprises has an average rating of Hold and an average price target of $43.33.

APOG opened at $40.80 on Wednesday. The company has a fifty day moving average price of $37.99 and a 200-day moving average price of $38.78. The firm has a market capitalization of $1.11 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 1.39 and a beta of 1.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.47. Apogee Enterprises has a one year low of $26.38 and a one year high of $46.70.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Tuesday, September 17th. The industrial products company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.15. The firm had revenue of $357.10 million during the quarter, compared to analyst estimates of $353.62 million. Apogee Enterprises had a net margin of 3.14% and a return on equity of 15.92%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. On average, analysts expect that Apogee Enterprises will post 3.03 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc purchased a new position in Apogee Enterprises in the second quarter worth $26,000. River & Mercantile Asset Management LLP purchased a new position in Apogee Enterprises in the second quarter worth $30,000. Aperio Group LLC grew its position in Apogee Enterprises by 6.7% in the second quarter. Aperio Group LLC now owns 11,466 shares of the industrial products company’s stock worth $498,000 after acquiring an additional 715 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Apogee Enterprises by 4.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 23,338 shares of the industrial products company’s stock worth $1,014,000 after acquiring an additional 954 shares in the last quarter. Finally, Janney Capital Management LLC grew its position in Apogee Enterprises by 10.8% in the second quarter. Janney Capital Management LLC now owns 10,076 shares of the industrial products company’s stock worth $438,000 after acquiring an additional 985 shares in the last quarter. Hedge funds and other institutional investors own 90.44% 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. It operates through 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, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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