Apogee Enterprises (NASDAQ:APOG) PT Raised to $25.00 at DA Davidson

Apogee Enterprises (NASDAQ:APOG) had its price target hoisted by DA Davidson from $20.00 to $25.00 in a report issued on Friday morning, The Fly reports. DA Davidson also issued estimates for Apogee Enterprises’ FY2022 earnings at $2.30 EPS.

A number of other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Apogee Enterprises from a sell rating to a strong-buy rating and set a $19.00 price objective on the stock in a research note on Wednesday, June 3rd. BidaskClub lowered shares of Apogee Enterprises from a sell rating to a strong sell rating in a research note on Friday, August 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Apogee Enterprises has a consensus rating of Hold and an average price target of $21.00.

APOG opened at $22.57 on Friday. The business’s 50 day moving average is $21.67 and its 200-day moving average is $21.36. The stock has a market cap of $594.88 million, a PE ratio of 12.54 and a beta of 1.37. The company has a current ratio of 0.86, a quick ratio of 0.67 and a debt-to-equity ratio of 0.03. Apogee Enterprises has a twelve month low of $13.77 and a twelve month high of $43.28.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Thursday, September 17th. The industrial products company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.44. Apogee Enterprises had a net margin of 3.72% and a return on equity of 10.12%. The business had revenue of $319.80 million for the quarter, compared to analyst estimates of $315.89 million. During the same quarter last year, the business earned $0.72 earnings per share. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. As a group, analysts forecast that Apogee Enterprises will post 1.7 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its position in Apogee Enterprises by 42.8% in the first quarter. PNC Financial Services Group Inc. now owns 1,624 shares of the industrial products company’s stock worth $35,000 after buying an additional 487 shares during the last quarter. Swiss National Bank increased its holdings in shares of Apogee Enterprises by 1.5% during the 1st quarter. Swiss National Bank now owns 48,900 shares of the industrial products company’s stock worth $1,018,000 after purchasing an additional 700 shares during the period. ETF Managers Group LLC increased its holdings in shares of Apogee Enterprises by 11.4% during the 1st quarter. ETF Managers Group LLC now owns 7,663 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 784 shares during the period. Comerica Bank increased its stake in Apogee Enterprises by 3.4% in the first quarter. Comerica Bank now owns 25,771 shares of the industrial products company’s stock valued at $483,000 after acquiring an additional 859 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Apogee Enterprises by 5.3% in the first quarter. Thrivent Financial for Lutherans now owns 22,254 shares of the industrial products company’s stock valued at $463,000 after acquiring an additional 1,111 shares during the period. Hedge funds and other institutional investors own 88.89% 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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