Apogee Enterprises (NASDAQ:APOG) Upgraded at Wall Street Zen

Apogee Enterprises (NASDAQ:APOG) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apogee Enterprises in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $45.00.

Apogee Enterprises Trading Down 0.4%

Apogee Enterprises stock traded down $0.13 during trading hours on Friday, reaching $34.44. The company had a trading volume of 215,885 shares, compared to its average volume of 268,404. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.76 and a quick ratio of 1.37. Apogee Enterprises has a 12-month low of $33.75 and a 12-month high of $87.93. The company has a 50-day moving average price of $40.89 and a 200 day moving average price of $41.11. The firm has a market cap of $740.84 million, a price-to-earnings ratio of 16.88 and a beta of 1.10.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Thursday, October 9th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.14. Apogee Enterprises had a net margin of 3.19% and a return on equity of 15.76%. The firm had revenue of $358.19 million for the quarter, compared to analysts’ expectations of $350.91 million. During the same quarter last year, the business earned $1.44 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. Equities analysts forecast that Apogee Enterprises will post 4.97 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of APOG. JPMorgan Chase & Co. boosted its stake in Apogee Enterprises by 8.7% during the third quarter. JPMorgan Chase & Co. now owns 272,969 shares of the industrial products company’s stock worth $11,893,000 after acquiring an additional 21,764 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Apogee Enterprises by 46.9% during the third quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 637 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Apogee Enterprises by 5.1% during the third quarter. Illinois Municipal Retirement Fund now owns 12,031 shares of the industrial products company’s stock valued at $524,000 after purchasing an additional 587 shares during the last quarter. Versor Investments LP boosted its position in shares of Apogee Enterprises by 99.8% in the 3rd quarter. Versor Investments LP now owns 14,543 shares of the industrial products company’s stock worth $634,000 after purchasing an additional 7,265 shares in the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake in shares of Apogee Enterprises by 15.1% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 5,786 shares of the industrial products company’s stock worth $252,000 after buying an additional 760 shares during 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).