Apogee Enterprises (NASDAQ:APOG) had its price target raised by DA Davidson to $35.00 in a research note issued to investors on Friday, The Fly reports. The firm currently has a neutral rating on the industrial products company’s stock. DA Davidson also issued estimates for Apogee Enterprises’ Q1 2020 earnings at $0.62 EPS, Q2 2020 earnings at $0.71 EPS, Q3 2020 earnings at $0.82 EPS and Q4 2020 earnings at $0.95 EPS.

Several other analysts have also recently issued reports on APOG. BidaskClub upgraded Apogee Enterprises from a hold rating to a buy rating in a report on Saturday, March 30th. ValuEngine cut Apogee Enterprises from a sell rating to a strong sell rating in a report on Friday, December 21st. Craig Hallum set a $48.00 target price on Apogee Enterprises and gave the company a buy rating in a report on Friday, December 21st. Finally, Sidoti cut Apogee Enterprises from a buy rating to a neutral rating in a report on Monday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $45.25.

Shares of NASDAQ:APOG opened at $37.30 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.63 and a quick ratio of 1.38. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 1.14 and a beta of 1.62. Apogee Enterprises has a 52-week low of $26.38 and a 52-week high of $50.87.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Thursday, April 11th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.06). The company had revenue of $346.26 million during the quarter, compared to analysts’ expectations of $357.18 million. Apogee Enterprises had a net margin of 3.26% and a return on equity of 16.14%. During the same quarter in the previous year, the company earned $0.89 earnings per share. As a group, equities analysts expect that Apogee Enterprises will post 3.1 earnings per share for the current fiscal year.

In other news, Director Jerome L. Davis sold 9,276 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $37.63, for a total value of $349,055.88. Following the transaction, the director now owns 17,251 shares of the company’s stock, valued at approximately $649,155.13. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC lifted its stake in shares of Apogee Enterprises by 124.6% in the 4th quarter. Squarepoint Ops LLC now owns 49,909 shares of the industrial products company’s stock valued at $1,490,000 after purchasing an additional 27,687 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Apogee Enterprises by 1.7% in the 4th quarter. California Public Employees Retirement System now owns 57,263 shares of the industrial products company’s stock valued at $1,709,000 after purchasing an additional 941 shares during the last quarter. Man Group plc lifted its stake in shares of Apogee Enterprises by 179.8% in the 3rd quarter. Man Group plc now owns 39,317 shares of the industrial products company’s stock valued at $1,625,000 after purchasing an additional 25,265 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Apogee Enterprises by 217.8% in the 3rd quarter. Pacer Advisors Inc. now owns 4,545 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 3,115 shares during the last quarter. Finally, Stone Ridge Asset Management LLC lifted its stake in shares of Apogee Enterprises by 139.2% in the 4th quarter. Stone Ridge Asset Management LLC now owns 22,558 shares of the industrial products company’s stock valued at $673,000 after purchasing an additional 13,127 shares during the last quarter. 97.48% of the stock is currently owned by institutional investors and hedge funds.

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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