Apogee Enterprises Inc (APOG) Given Consensus Recommendation of “Buy” by Brokerages

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.

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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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