Apogee Enterprises (NASDAQ:APOG) Downgraded by Zacks Research to Strong Sell

Apogee Enterprises (NASDAQ:APOG) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research firms have also commented on APOG. DA Davidson set a $46.00 price target on Apogee Enterprises in a research report on Friday, January 9th. Weiss Ratings restated a “hold (c)” rating on shares of Apogee Enterprises in a research report on Thursday, October 30th. Stephens began coverage on shares of Apogee Enterprises in a report on Tuesday, December 16th. They issued an “overweight” rating and a $95.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $70.50.

Apogee Enterprises Trading Up 5.0%

Shares of APOG opened at $39.12 on Tuesday. Apogee Enterprises has a 12-month low of $30.75 and a 12-month high of $58.35. The firm has a 50-day moving average price of $36.81 and a 200 day moving average price of $39.85. The firm has a market capitalization of $841.47 million, a P/E ratio of 21.15 and a beta of 1.08. The company has a current ratio of 1.90, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). The business had revenue of $348.56 million for the quarter, compared to analyst estimates of $355.29 million. Apogee Enterprises had a return on equity of 15.02% and a net margin of 2.86%.The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. Sell-side analysts forecast that Apogee Enterprises will post 4.97 EPS for the current year.

Institutional Investors Weigh In On Apogee Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of APOG. Hantz Financial Services Inc. lifted its stake in shares of Apogee Enterprises by 477.7% during the third quarter. Hantz Financial Services Inc. now owns 699 shares of the industrial products company’s stock valued at $30,000 after buying an additional 578 shares during the period. Financial Gravity Companies Inc. purchased a new position in shares of Apogee Enterprises during the 2nd quarter worth $38,000. Raymond James Financial Inc. acquired a new stake in shares of Apogee Enterprises during the second quarter worth $38,000. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Apogee Enterprises in the second quarter valued at $86,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Apogee Enterprises by 46.9% in 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 period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.