Apogee Enterprises (NASDAQ:APOG) Stock Rating Lowered by Zacks Research

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

A number of other research firms also recently weighed in on APOG. Stephens started coverage on shares of Apogee Enterprises in a research report on Tuesday, December 16th. They set an “overweight” rating and a $95.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Apogee Enterprises in a research note on Thursday, October 30th. Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, DA Davidson set a $46.00 price objective on Apogee Enterprises in a research report on Friday, January 9th. Two 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $70.50.

Apogee Enterprises Trading Up 2.4%

NASDAQ:APOG traded up $0.96 during mid-day trading on Tuesday, hitting $40.08. 135,300 shares of the company’s stock were exchanged, compared to its average volume of 341,744. Apogee Enterprises has a fifty-two week low of $30.75 and a fifty-two week high of $57.21. The company has a current ratio of 1.90, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $862.01 million, a P/E ratio of 21.66 and a beta of 1.08. The company has a 50 day simple moving average of $36.81 and a 200-day simple moving average of $39.85.

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

Institutional Trading of Apogee Enterprises

Several hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of Apogee Enterprises by 40.3% in the first quarter. Royal Bank of Canada now owns 8,515 shares of the industrial products company’s stock valued at $395,000 after buying an additional 2,447 shares in the last quarter. AQR Capital Management LLC lifted its position in Apogee Enterprises by 24.0% in the 1st quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company’s stock valued at $2,780,000 after acquiring an additional 11,608 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 purchasing an additional 556 shares during the last quarter. Millennium Management LLC increased its holdings in 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 worth $14,836,000 after purchasing an additional 292,952 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Apogee Enterprises by 120.3% in the first quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company’s stock worth $3,673,000 after purchasing an additional 43,297 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

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.