Apogee Enterprises (NASDAQ:APOG) Price Target Increased to $65.00 by Analysts at DA Davidson

Apogee Enterprises (NASDAQ:APOG) had its price objective upped by DA Davidson from $60.00 to $65.00 in a report released on Friday, Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. DA Davidson’s price target suggests a potential upside of 2.75% from the company’s previous close.

Apogee Enterprises Trading Down 1.2 %

Apogee Enterprises stock traded down $0.80 during midday trading on Friday, reaching $63.26. The stock had a trading volume of 46,285 shares, compared to its average volume of 141,698. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 14.03 and a beta of 1.05. Apogee Enterprises has a twelve month low of $41.01 and a twelve month high of $67.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.18. The firm’s fifty day simple moving average is $63.35 and its two-hundred day simple moving average is $58.01.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.28. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The company had revenue of $331.50 million for the quarter, compared to the consensus estimate of $333.22 million. During the same quarter in the prior year, the company earned $1.05 EPS. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. Equities analysts anticipate that Apogee Enterprises will post 4.54 EPS for the current fiscal year.

Insider Activity at Apogee Enterprises

In other Apogee Enterprises news, CEO Ty R. Silberhorn sold 10,679 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $63.10, for a total transaction of $673,844.90. Following the completion of the sale, the chief executive officer now directly owns 110,806 shares in the company, valued at $6,991,858.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Apogee Enterprises news, CEO Ty R. Silberhorn sold 10,679 shares of Apogee Enterprises stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $63.10, for a total value of $673,844.90. Following the transaction, the chief executive officer now directly owns 110,806 shares of the company’s stock, valued at approximately $6,991,858.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lloyd Emerson Johnson sold 24,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $63.13, for a total transaction of $1,515,120.00. Following the transaction, the director now owns 260 shares of the company’s stock, valued at $16,413.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,252 shares of company stock valued at $4,786,214. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Apogee Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of APOG. Deutsche Bank AG lifted its holdings in shares of Apogee Enterprises by 13.5% during the third quarter. Deutsche Bank AG now owns 11,059 shares of the industrial products company’s stock valued at $521,000 after acquiring an additional 1,314 shares during the period. FMR LLC boosted its position in Apogee Enterprises by 1.3% in the third quarter. FMR LLC now owns 151,047 shares of the industrial products company’s stock valued at $7,111,000 after buying an additional 1,951 shares in the last quarter. Invesco Ltd. grew its stake in Apogee Enterprises by 32.3% during the third quarter. Invesco Ltd. now owns 294,513 shares of the industrial products company’s stock worth $13,866,000 after buying an additional 71,915 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Apogee Enterprises by 297.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,934 shares of the industrial products company’s stock worth $1,598,000 after buying an additional 25,396 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Apogee Enterprises by 8.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 13,888 shares of the industrial products company’s stock worth $654,000 after acquiring an additional 1,116 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).