Zacks Research Upgrades Apogee Enterprises (NASDAQ:APOG) to “Hold”

Apogee Enterprises (NASDAQ:APOG) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on APOG. DA Davidson set a $46.00 price objective on shares of Apogee Enterprises in a research report on Friday, January 9th. Stephens started coverage on Apogee Enterprises in a report on Tuesday, December 16th. They set an “overweight” rating and a $95.00 price target for the company. Finally, Weiss Ratings lowered Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Apogee Enterprises presently has a consensus rating of “Hold” and an average target price of $70.50.

Apogee Enterprises Trading Down 0.5%

Shares of APOG stock opened at $32.95 on Monday. Apogee Enterprises has a 1-year low of $30.75 and a 1-year high of $49.99. The company has a current ratio of 1.90, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The stock has a market cap of $708.75 million, a price-to-earnings ratio of 17.81 and a beta of 1.09. The stock has a 50-day moving average of $38.01 and a 200-day moving average of $38.65.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $1.02 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 analyst estimates of $355.29 million. Apogee Enterprises had a return on equity of 15.02% and a net margin of 2.86%.Apogee Enterprises’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. On average, equities research analysts forecast that Apogee Enterprises will post 4.97 earnings per share for the current year.

Institutional Trading of Apogee Enterprises

A number of institutional investors have recently modified their holdings of the company. Deprince Race & Zollo Inc. raised its stake in shares of Apogee Enterprises by 70.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock worth $31,034,000 after acquiring an additional 351,923 shares in the last quarter. Millennium Management LLC lifted its position in Apogee Enterprises by 1,074.3% during the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock valued at $14,836,000 after acquiring an additional 292,952 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in Apogee Enterprises by 27.9% in the second quarter. Segall Bryant & Hamill LLC now owns 925,641 shares of the industrial products company’s stock valued at $37,581,000 after acquiring an additional 201,653 shares in the last quarter. Federated Hermes Inc. grew its holdings in Apogee Enterprises by 524.3% in the fourth quarter. Federated Hermes Inc. now owns 228,361 shares of the industrial products company’s stock worth $8,315,000 after purchasing an additional 191,783 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Apogee Enterprises by 6.8% in the fourth quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock worth $95,657,000 after purchasing an additional 166,402 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

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.