Apogee Enterprises (NASDAQ:APOG) Rating Increased to Hold at Zacks Research

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

A number of other research firms have also recently issued reports on APOG. DA Davidson set a $46.00 price target on shares of Apogee Enterprises in a report on Friday, January 9th. Weiss Ratings lowered shares of Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 21st. Finally, Stephens began coverage on Apogee Enterprises in a research report on Tuesday, December 16th. They issued an “overweight” rating and a $95.00 target price on the stock. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $70.50.

Apogee Enterprises Price Performance

Shares of APOG stock opened at $32.95 on Monday. Apogee Enterprises has a fifty-two week low of $30.75 and a fifty-two week high of $49.99. The firm has a market capitalization of $708.75 million, a price-to-earnings ratio of 17.81 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 1.90. The stock’s 50-day simple moving average is $38.01 and its 200-day simple moving average is $38.65.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). The company had revenue of $348.56 million during the quarter, compared to analysts’ expectations of $355.29 million. Apogee Enterprises had a net margin of 2.86% and a return on equity of 15.02%. The business’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 earned $1.19 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. As a group, equities analysts forecast that Apogee Enterprises will post 4.97 earnings per share for the current fiscal year.

Institutional Trading of Apogee Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in Apogee Enterprises by 40.3% during the first quarter. Royal Bank of Canada now owns 8,515 shares of the industrial products company’s stock valued at $395,000 after purchasing an additional 2,447 shares during the period. AQR Capital Management LLC grew its position in Apogee Enterprises by 24.0% during the 1st quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company’s stock worth $2,780,000 after purchasing an additional 11,608 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Apogee Enterprises by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock valued at $602,000 after buying an additional 556 shares during the last quarter. Millennium Management LLC raised its stake in shares of Apogee Enterprises by 1,074.3% during the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock valued at $14,836,000 after buying an additional 292,952 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Apogee Enterprises by 120.3% in the 1st quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company’s stock valued at $3,673,000 after buying an additional 43,297 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

About Apogee Enterprises

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.