Apogee Enterprises Inc (NASDAQ:APOG) has been given a consensus rating of “Buy” by the six research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $63.33.
APOG has been the subject of several recent research reports. DA Davidson set a $52.00 price objective on Apogee Enterprises and gave the stock a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research downgraded Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. ValuEngine downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th.
A number of large investors have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. lifted its holdings in Apogee Enterprises by 1.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,792 shares of the industrial products company’s stock worth $216,000 after buying an additional 55 shares in the last quarter. Profund Advisors LLC increased its position in Apogee Enterprises by 1.1% in the 2nd quarter. Profund Advisors LLC now owns 5,333 shares of the industrial products company’s stock valued at $303,000 after acquiring an additional 60 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Apogee Enterprises by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,727 shares of the industrial products company’s stock valued at $1,292,000 after acquiring an additional 83 shares in the last quarter. Arizona State Retirement System increased its position in Apogee Enterprises by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 14,987 shares of the industrial products company’s stock valued at $852,000 after acquiring an additional 100 shares in the last quarter. Finally, Renaissance Group LLC increased its position in Apogee Enterprises by 2.6% in the 2nd quarter. Renaissance Group LLC now owns 6,488 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 163 shares in the last quarter. Institutional investors own 99.02% of the company’s stock.
Shares of Apogee Enterprises (APOG) traded down $8.56 during trading on Friday, hitting $42.32. The stock had a trading volume of 2,499,200 shares, compared to its average volume of 269,757. Apogee Enterprises has a 1 year low of $40.03 and a 1 year high of $61.00. The stock has a market cap of $1,240.00, a price-to-earnings ratio of 17.25, a PEG ratio of 1.50 and a beta of 1.61. The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51.
Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Thursday, December 21st. The industrial products company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.14). Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The firm had revenue of $356.50 million during the quarter, compared to analysts’ expectations of $373.35 million. During the same period last year, the business posted $0.78 EPS. The company’s revenue was up 30.1% compared to the same quarter last year. equities analysts forecast that Apogee Enterprises will post 3.39 EPS for the current fiscal year.
About Apogee Enterprises
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
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