Apogee Enterprises (NASDAQ:APOG) Upgraded at Zacks Research

Zacks Research upgraded shares of Apogee Enterprises (NASDAQ:APOG) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

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

Apogee Enterprises Stock Down 0.5%

Shares of NASDAQ:APOG opened at $32.95 on Monday. The company’s fifty day moving average is $38.01 and its 200-day moving average is $38.65. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 1.90. Apogee Enterprises has a 52 week low of $30.75 and a 52 week high of $49.99. The company has a market capitalization of $708.75 million, a PE ratio of 17.81 and a beta of 1.09.

Apogee Enterprises (NASDAQ:APOG) last announced 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 firm 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%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.19 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. Equities research analysts predict that Apogee Enterprises will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 3rd were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $1.08 annualized dividend and a yield of 3.3%. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.26. Apogee Enterprises’s dividend payout ratio (DPR) is currently 58.38%.

Hedge Funds Weigh In On Apogee Enterprises

Several large investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. increased its position in Apogee Enterprises by 70.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock worth $31,034,000 after purchasing an additional 351,923 shares during the period. Millennium Management LLC boosted its stake in shares of Apogee Enterprises by 1,074.3% in the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock valued at $14,836,000 after purchasing an additional 292,952 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in shares of Apogee Enterprises by 27.9% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 925,641 shares of the industrial products company’s stock worth $37,581,000 after buying an additional 201,653 shares during the period. Federated Hermes Inc. grew its position in shares of Apogee Enterprises by 524.3% during the 4th quarter. Federated Hermes Inc. now owns 228,361 shares of the industrial products company’s stock worth $8,315,000 after buying an additional 191,783 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Apogee Enterprises by 6.8% during the fourth quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock worth $95,657,000 after buying an additional 166,402 shares during the last quarter. 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.