BidaskClub upgraded shares of Apogee Enterprises (NASDAQ:APOG) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

A number of other equities research analysts also recently weighed in on the company. ValuEngine downgraded Apogee Enterprises from a hold rating to a sell rating in a report on Wednesday, July 17th. TheStreet lowered Apogee Enterprises from a b- rating to a c+ rating in a research report on Tuesday, August 27th. Finally, Craig Hallum boosted their price objective on Apogee Enterprises from $46.00 to $52.00 and gave the company a buy rating in a research report on Friday, June 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $43.33.

Shares of APOG stock traded up $0.54 during trading hours on Tuesday, reaching $41.98. 2,817 shares of the stock were exchanged, compared to its average volume of 126,734. The business’s fifty day moving average is $37.77 and its two-hundred day moving average is $38.54. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.47. Apogee Enterprises has a 12-month low of $26.38 and a 12-month high of $49.50. The firm has a market capitalization of $1.06 billion, a P/E ratio of 14.18, a P/E/G ratio of 1.31 and a beta of 1.65.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, June 27th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The firm had revenue of $355.40 million for the quarter, compared to analyst estimates of $324.39 million. Apogee Enterprises had a net margin of 3.22% and a return on equity of 16.04%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. As a group, equities research analysts predict that Apogee Enterprises will post 3.03 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc bought a new position in Apogee Enterprises in the 2nd quarter valued at $26,000. River & Mercantile Asset Management LLP purchased a new position in shares of Apogee Enterprises during the 2nd quarter valued at approximately $30,000. Cutler Group LP purchased a new position in shares of Apogee Enterprises during the 1st quarter valued at approximately $48,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Apogee Enterprises by 60.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,699 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 1,014 shares in the last quarter. Finally, ETF Managers Group LLC increased its holdings in shares of Apogee Enterprises by 460.1% during the 1st quarter. ETF Managers Group LLC now owns 3,327 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 2,733 shares in the last quarter. 90.53% of the stock is currently owned by institutional investors.

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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