Apogee Enterprises (NASDAQ:APOG) Downgraded to Strong Sell Rating by Zacks Research

Apogee Enterprises (NASDAQ:APOG) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

APOG has been the subject of several other research reports. Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Stephens began coverage on shares of Apogee Enterprises in a report on Tuesday, December 16th. They issued an “overweight” rating and a $95.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Apogee Enterprises in a report on Thursday, October 30th. Finally, DA Davidson set a $46.00 price objective on shares of Apogee Enterprises in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Apogee Enterprises currently has an average rating of “Hold” and a consensus target price of $70.50.

Apogee Enterprises Price Performance

Shares of Apogee Enterprises stock opened at $39.12 on Tuesday. The stock has a market cap of $841.47 million, a price-to-earnings ratio of 21.15 and a beta of 1.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 1.90. The stock has a 50 day moving average price of $36.81 and a 200-day moving average price of $39.85. Apogee Enterprises has a one year low of $30.75 and a one year high of $58.35.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). The company had revenue of $348.56 million during the quarter, compared to the consensus estimate of $355.29 million. Apogee Enterprises had a return on equity of 15.02% and a net margin of 2.86%.The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. Equities analysts expect that Apogee Enterprises will post 4.97 EPS for the current year.

Institutional Trading of Apogee Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of APOG. Hantz Financial Services Inc. increased its stake in shares of Apogee Enterprises by 477.7% in the third quarter. Hantz Financial Services Inc. now owns 699 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 578 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Apogee Enterprises during the 2nd quarter valued at about $38,000. Financial Gravity Companies Inc. acquired a new position in shares of Apogee Enterprises in the 2nd quarter valued at about $38,000. PNC Financial Services Group Inc. boosted its stake in shares of Apogee Enterprises by 46.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock worth $87,000 after buying an additional 637 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in Apogee Enterprises during the second quarter worth about $86,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

About Apogee Enterprises

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.