Apogee Enterprises (NASDAQ:APOG) Rating Increased to Moderate Buy at Singular Research

Apogee Enterprises (NASDAQ:APOG) was upgraded by stock analysts at Singular Research to a “moderate buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. DA Davidson dropped their price target on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. Finally, StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th.

Apogee Enterprises Stock Performance

APOG opened at $53.04 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. The company has a market capitalization of $1.16 billion, a PE ratio of 11.17 and a beta of 1.04. The business has a fifty day simple moving average of $76.49 and a 200 day simple moving average of $70.74. Apogee Enterprises has a 1 year low of $49.58 and a 1 year high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The business had revenue of $341.30 million for the quarter, compared to the consensus estimate of $332.27 million. During the same period in the prior year, the company posted $1.23 earnings per share. Apogee Enterprises’s revenue was up .5% compared to the same quarter last year. Research analysts expect that Apogee Enterprises will post 5.06 EPS for the current year.

Hedge Funds Weigh In On Apogee Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in Apogee Enterprises by 43.2% in the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after buying an additional 163 shares in the last quarter. CWM LLC lifted its holdings in shares of Apogee Enterprises by 19.9% in the third quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 190 shares during the last quarter. Diversified Trust Co boosted its stake in shares of Apogee Enterprises by 3.6% in the 3rd quarter. Diversified Trust Co now owns 6,943 shares of the industrial products company’s stock valued at $486,000 after purchasing an additional 243 shares in the last quarter. Moran Wealth Management LLC grew its holdings in shares of Apogee Enterprises by 0.3% during the 3rd quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company’s stock valued at $6,887,000 after purchasing an additional 304 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in Apogee Enterprises by 44.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 396 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).