ValuEngine upgraded shares of Apogee Enterprises, Inc. (NASDAQ:APOG) from a hold rating to a buy rating in a research note published on Thursday.

A number of other analysts also recently commented on the company. Zacks Investment Research upgraded Apogee Enterprises from a hold rating to a strong-buy rating and set a $65.00 price objective for the company in a research report on Monday, June 19th. Sidoti assumed coverage on Apogee Enterprises in a report on Thursday, May 25th. They issued a buy rating and a $70.00 target price for the company. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Apogee Enterprises presently has an average rating of Buy and a consensus target price of $64.75.

Shares of Apogee Enterprises (NASDAQ:APOG) opened at 53.81 on Thursday. Apogee Enterprises has a 12-month low of $39.88 and a 12-month high of $61.00. The stock has a market capitalization of $1.55 billion, a P/E ratio of 18.43 and a beta of 1.58. The firm’s 50-day moving average price is $54.64 and its 200 day moving average price is $55.61.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Thursday, June 22nd. The industrial products company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.09. Apogee Enterprises had a return on equity of 18.59% and a net margin of 7.39%. The firm had revenue of $272.30 million during the quarter, compared to the consensus estimate of $271.13 million. During the same quarter in the prior year, the business posted $0.61 EPS. Apogee Enterprises’s revenue was up 9.9% compared to the same quarter last year. Analysts predict that Apogee Enterprises will post $3.38 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Investors of record on Monday, July 10th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $0.56 dividend on an annualized basis and a yield of 1.04%. Apogee Enterprises’s dividend payout ratio is 19.24%.

In related news, Director Jerome L. Davis sold 18,706 shares of the firm’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $55.04, for a total transaction of $1,029,578.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph F. Puishys sold 40,000 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $56.06, for a total value of $2,242,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 198,706 shares of company stock valued at $11,114,178 over the last ninety days. Insiders own 3.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new position in shares of Apogee Enterprises during the first quarter worth approximately $146,000. State of Alaska Department of Revenue raised its position in shares of Apogee Enterprises by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,180 shares of the industrial products company’s stock worth $189,000 after buying an additional 60 shares during the last quarter. Teza Capital Management LLC purchased a new position in shares of Apogee Enterprises during the first quarter worth approximately $234,000. Intrust Bank NA raised its position in shares of Apogee Enterprises by 8.5% in the first quarter. Intrust Bank NA now owns 4,282 shares of the industrial products company’s stock worth $255,000 after buying an additional 336 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Apogee Enterprises by 5.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,490 shares of the industrial products company’s stock worth $268,000 after buying an additional 241 shares during the last quarter.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.

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