BidaskClub lowered shares of Apogee Enterprises (NASDAQ:APOG) from a hold rating to a sell rating in a research note released on Thursday, BidAskClub reports.

Other research analysts have also recently issued reports about the company. TheStreet cut Apogee Enterprises from a b- rating to a c+ rating in a report on Tuesday, August 27th. ValuEngine cut Apogee Enterprises from a sell rating to a strong sell rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $43.50.

NASDAQ:APOG traded down $0.88 during trading hours on Thursday, reaching $37.46. 2,212 shares of the company traded hands, compared to its average volume of 93,055. Apogee Enterprises has a 1 year low of $26.38 and a 1 year high of $46.70. The business’s 50-day moving average price is $37.75 and its two-hundred day moving average price is $39.00. The company has a current ratio of 1.05, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.01 billion, a P/E ratio of 12.67, a P/E/G ratio of 1.15 and a beta of 1.67.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Tuesday, September 17th. The industrial products company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.15. Apogee Enterprises had a return on equity of 15.92% and a net margin of 3.14%. The firm had revenue of $357.10 million for the quarter, compared to the consensus estimate of $353.62 million. During the same period in the prior year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Apogee Enterprises will post 3.04 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Monday, October 21st were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Friday, October 18th. Apogee Enterprises’s payout ratio is presently 23.65%.

Hedge funds have recently added to or reduced their stakes in the company. Everence Capital Management Inc. purchased a new stake in shares of Apogee Enterprises during the 2nd quarter valued at approximately $205,000. Schroder Investment Management Group raised its position in Apogee Enterprises by 32.7% in the second quarter. Schroder Investment Management Group now owns 356,874 shares of the industrial products company’s stock valued at $15,503,000 after purchasing an additional 87,875 shares during the period. Coastal Investment Advisors Inc. purchased a new stake in Apogee Enterprises in the second quarter valued at approximately $5,524,000. Renaissance Technologies LLC purchased a new stake in Apogee Enterprises in the second quarter valued at approximately $1,659,000. Finally, LSV Asset Management raised its position in Apogee Enterprises by 14.8% in the second quarter. LSV Asset Management now owns 559,092 shares of the industrial products company’s stock valued at $24,286,000 after purchasing an additional 72,100 shares during the period. 89.50% of the stock is currently owned by hedge funds and other institutional investors.

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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