Apogee Enterprises (NASDAQ:APOG) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Apogee Enterprises (NASDAQ:APOG) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other brokerages have also issued reports on APOG. Zacks Research upgraded Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Apogee Enterprises has an average rating of “Buy” and a consensus price target of $70.50.

Apogee Enterprises Price Performance

APOG stock opened at $40.74 on Friday. The company’s 50-day moving average price is $39.42 and its two-hundred day moving average price is $37.58. The firm has a market cap of $850.24 million, a P/E ratio of 12.77, a P/E/G ratio of 1.15 and a beta of 1.13. The company has a quick ratio of 1.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.46. Apogee Enterprises has a 12 month low of $30.75 and a 12 month high of $50.88.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. The company had revenue of $342.68 million during the quarter, compared to the consensus estimate of $333.84 million. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.13) EPS. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, analysts anticipate that Apogee Enterprises will post 2.96 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, July 14th. Apogee Enterprises’s dividend payout ratio (DPR) is 33.86%.

Institutional Investors Weigh In On Apogee Enterprises

A number of institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in Apogee Enterprises by 38.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company’s stock valued at $36,000 after buying an additional 296 shares in the last quarter. Man Group plc boosted its holdings in shares of Apogee Enterprises by 7.1% in the second quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock worth $254,000 after acquiring an additional 418 shares during the period. Lazard Asset Management LLC grew its position in shares of Apogee Enterprises by 11.5% in the second quarter. Lazard Asset Management LLC now owns 5,212 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 537 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Apogee Enterprises by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock valued at $602,000 after purchasing an additional 556 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Apogee Enterprises by 79.5% during the 4th quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 556 shares during the period. 94.05% of the stock is owned by 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.