Research Analysts’ Weekly Ratings Changes for Apogee Enterprises (APOG)

Apogee Enterprises (NASDAQ: APOG) has recently received a number of price target changes and ratings updates:

• 1/14/2025 – Apogee Enterprises was upgraded by analysts at Singular Research to a “moderate buy” rating.
• 1/10/2025 – Apogee Enterprises was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating.
• 1/9/2025 – Apogee Enterprises was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 1/8/2025 – Apogee Enterprises had its price target lowered by analysts at DA Davidson from $75.00 to $62.00. They now have a “neutral” rating on the stock.
• 1/1/2025 – Apogee Enterprises was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 12/17/2024 – Apogee Enterprises was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 12/9/2024 – Apogee Enterprises was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.

Apogee Enterprises Trading Down 1.7 %

Shares of NASDAQ APOG traded down $0.89 during mid-day trading on Tuesday, hitting $51.83. 44,906 shares of the company traded hands, compared to its average volume of 352,245. Apogee Enterprises, Inc. has a 1 year low of $49.58 and a 1 year high of $87.93. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 11.57 and a beta of 1.04. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $70.78 and a two-hundred day moving average of $70.32.

Apogee Enterprises (NASDAQ:APOG) last announced its 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. The business had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. Apogee Enterprises’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 earnings per share. On average, sell-side analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, January 28th. This represents a $1.04 dividend on an annualized basis and a yield of 2.01%. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s dividend payout ratio (DPR) is 22.32%.

Hedge Funds Weigh In On Apogee Enterprises

Institutional investors have recently bought and sold shares of the business. Kingsview Wealth Management LLC bought a new stake in Apogee Enterprises in the third quarter valued at about $2,134,000. Farther Finance Advisors LLC boosted its position in shares of Apogee Enterprises by 2,602.0% during the third quarter. Farther Finance Advisors LLC now owns 1,351 shares of the industrial products company’s stock worth $95,000 after buying an additional 1,301 shares during the period. Geode Capital Management LLC boosted its position in shares of Apogee Enterprises by 1.4% during the third quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock worth $37,131,000 after buying an additional 7,382 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Apogee Enterprises during the third quarter worth about $1,800,000. Finally, Assenagon Asset Management S.A. boosted its position in Apogee Enterprises by 70.8% during the third quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock valued at $11,369,000 after purchasing an additional 67,295 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

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).