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 issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Apogee Enterprises in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $70.50.

Apogee Enterprises Stock Performance

NASDAQ:APOG opened at $35.86 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.65. The stock has a 50-day simple moving average of $34.83 and a two-hundred day simple moving average of $36.67. The firm has a market capitalization of $765.61 million, a PE ratio of 14.23, a P/E/G ratio of 1.03 and a beta of 1.17. Apogee Enterprises has a 52-week low of $30.75 and a 52-week high of $49.99.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Friday, April 24th. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $351.35 million for the quarter, compared to the consensus estimate of $335.98 million. Apogee Enterprises had a return on equity of 14.89% and a net margin of 3.85%.The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Analysts forecast that Apogee Enterprises will post 2.85 EPS for the current year.

Institutional Inflows and Outflows

Large 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% during the first quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 296 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Apogee Enterprises by 7.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,241 shares of the industrial products company’s stock worth $268,000 after purchasing an additional 406 shares in the last quarter. Man Group plc boosted its holdings in shares of Apogee Enterprises by 7.1% during the 2nd quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock valued at $254,000 after purchasing an additional 418 shares during the last quarter. Lazard Asset Management LLC increased its holdings 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 worth $210,000 after purchasing an additional 537 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Apogee Enterprises by 79.5% in the fourth quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 556 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

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.