Apogee Enterprises (APOG) Raised to Hold at ValuEngine

Apogee Enterprises (NASDAQ:APOG) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Monday, ValuEngine reports.

Other equities analysts also recently issued reports about the stock. DA Davidson boosted their price target on shares of Apogee Enterprises to $35.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Sidoti downgraded shares of Apogee Enterprises from a “buy” rating to a “neutral” rating in a report on Monday, February 25th. Finally, BidaskClub raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, April 19th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Apogee Enterprises presently has an average rating of “Hold” and a consensus target price of $45.25.

APOG opened at $39.70 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.29 and a beta of 1.62. Apogee Enterprises has a 1 year low of $26.38 and a 1 year high of $50.87.



Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, April 11th. The industrial products company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.06). The company had revenue of $346.26 million during the quarter, compared to analysts’ expectations of $357.18 million. Apogee Enterprises had a return on equity of 16.14% and a net margin of 3.26%. During the same period last year, the firm posted $0.89 earnings per share. On average, analysts expect that Apogee Enterprises will post 3.06 EPS for the current fiscal year.

In related news, Director Sara L. Hays sold 1,985 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $39.14, for a total value of $77,692.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jerome L. Davis sold 9,276 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $37.63, for a total value of $349,055.88. Following the completion of the sale, the director now owns 17,251 shares in the company, valued at $649,155.13. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in APOG. PNC Financial Services Group Inc. raised its stake in Apogee Enterprises by 105.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 937 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 481 shares during the period. Versant Capital Management Inc raised its stake in Apogee Enterprises by 475.4% in the 1st quarter. Versant Capital Management Inc now owns 1,053 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 870 shares during the period. Bessemer Group Inc. bought a new stake in Apogee Enterprises in the 4th quarter valued at about $45,000. Cutler Group LP bought a new stake in Apogee Enterprises in the 1st quarter valued at about $48,000. Finally, First Bank & Trust raised its stake in Apogee Enterprises by 73.1% in the 4th quarter. First Bank & Trust now owns 3,565 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 1,505 shares during the period. Institutional investors and hedge funds own 98.71% of the company’s stock.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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