Shares of Apogee Enterprises Inc (NASDAQ:APOG) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $46.33.

APOG has been the subject of a number of research reports. Craig Hallum set a $48.00 price objective on shares of Apogee Enterprises and gave the stock a “buy” rating in a research note on Friday, December 21st. TheStreet lowered shares of Apogee Enterprises from a “b” rating to a “c+” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. DA Davidson set a $48.00 price objective on shares of Apogee Enterprises and gave the stock a “hold” rating in a research note on Wednesday, September 19th. Finally, Goldman Sachs Group initiated coverage on shares of Apogee Enterprises in a research note on Tuesday, October 2nd. They issued a “neutral” rating and a $43.00 price objective for the company.

In other news, CEO Joseph F. Puishys purchased 10,000 shares of the firm’s stock in a transaction on Monday, December 24th. The stock was acquired at an average cost of $26.97 per share, with a total value of $269,700.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Herbert K. Parker purchased 7,000 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were purchased at an average cost of $33.38 per share, with a total value of $233,660.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 19,000 shares of company stock valued at $559,560. 2.90% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. purchased a new stake in shares of Apogee Enterprises during the second quarter valued at about $130,000. Point72 Hong Kong Ltd acquired a new position in shares of Apogee Enterprises during the second quarter valued at about $141,000. Itau Unibanco Holding S.A. acquired a new position in shares of Apogee Enterprises during the second quarter valued at about $162,000. Pacer Advisors Inc. increased its holdings in shares of Apogee Enterprises by 217.8% during the third quarter. Pacer Advisors Inc. now owns 4,545 shares of the industrial products company’s stock valued at $188,000 after acquiring an additional 3,115 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of Apogee Enterprises during the second quarter valued at about $221,000. 98.28% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ APOG traded up $0.72 during mid-day trading on Friday, reaching $32.64. The company had a trading volume of 242,100 shares, compared to its average volume of 325,550. The company has a current ratio of 1.75, a quick ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market cap of $910.29 million, a PE ratio of 10.53, a PEG ratio of 1.03 and a beta of 1.55. Apogee Enterprises has a 52 week low of $26.38 and a 52 week high of $50.87.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Thursday, December 20th. The industrial products company reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.02. The firm had revenue of $357.70 million for the quarter, compared to analysts’ expectations of $362.40 million. Apogee Enterprises had a net margin of 5.68% and a return on equity of 16.19%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. As a group, sell-side analysts forecast that Apogee Enterprises will post 3.13 earnings per share for the current year.

Apogee Enterprises announced that its board has authorized a share buyback program on Wednesday, October 3rd that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

About Apogee Enterprises

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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