Apogee Enterprises (NASDAQ:APOG) Rating Increased to Moderate Buy at Singular Research

Singular Research upgraded shares of Apogee Enterprises (NASDAQ:APOG) to a moderate buy rating in a research report released on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on APOG. DA Davidson decreased their price target on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. Finally, StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th.

Apogee Enterprises Price Performance

APOG opened at $53.04 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. The stock has a market capitalization of $1.16 billion, a PE ratio of 11.17 and a beta of 1.04. The stock’s 50 day moving average price is $76.49 and its 200-day moving average price is $70.74. Apogee Enterprises has a 52-week low of $49.58 and a 52-week high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The business had revenue of $341.30 million for the quarter, compared to the consensus estimate of $332.27 million. During the same period in the previous year, the firm earned $1.23 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts predict that Apogee Enterprises will post 5.06 EPS for the current year.

Apogee Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th will be given a dividend of $0.26 per share. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio (DPR) is 23.21%.

Institutional Investors Weigh In On Apogee Enterprises

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP purchased a new position in shares of Apogee Enterprises during the third quarter valued at approximately $33,000. GAMMA Investing LLC increased its position in Apogee Enterprises by 43.2% during the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after buying an additional 163 shares in the last quarter. Quarry LP raised its stake in Apogee Enterprises by 959.4% during the second quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after buying an additional 662 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Apogee Enterprises in the third quarter worth $58,000. Finally, CWM LLC grew its stake in shares of Apogee Enterprises by 19.9% in the third quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

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).