Apogee Enterprises Inc (APOG) Receives $54.00 Average Price Target from Analysts

Shares of Apogee Enterprises Inc (NASDAQ:APOG) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $54.00.

Several equities research analysts have recently issued reports on the company. BidaskClub downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, May 12th. TheStreet raised Apogee Enterprises from a “c+” rating to a “b” rating in a research report on Thursday, June 28th. ValuEngine downgraded Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. DA Davidson downgraded Apogee Enterprises from a “buy” rating to a “neutral” rating and raised their price target for the company from $47.00 to $52.00 in a research report on Friday, June 29th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 12th.

A number of hedge funds have recently added to or reduced their stakes in APOG. First Interstate Bank grew its holdings in shares of Apogee Enterprises by 77.2% in the 2nd quarter. First Interstate Bank now owns 3,474 shares of the industrial products company’s stock valued at $167,000 after buying an additional 1,514 shares during the period. SG Americas Securities LLC acquired a new position in shares of Apogee Enterprises in the 1st quarter valued at $170,000. Amalgamated Bank acquired a new position in shares of Apogee Enterprises in the 2nd quarter valued at $215,000. Crossmark Global Holdings Inc. acquired a new position in shares of Apogee Enterprises in the 2nd quarter valued at $215,000. Finally, Private Advisor Group LLC acquired a new position in shares of Apogee Enterprises in the 2nd quarter valued at $221,000. 95.00% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises stock traded down $0.52 during mid-day trading on Tuesday, hitting $49.19. 94,460 shares of the company’s stock were exchanged, compared to its average volume of 148,895. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.68 and a quick ratio of 1.30. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.39 and a beta of 1.45. Apogee Enterprises has a 1-year low of $37.24 and a 1-year high of $52.35.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, June 28th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.09. The company had revenue of $336.50 million for the quarter, compared to the consensus estimate of $304.46 million. Apogee Enterprises had a return on equity of 17.33% and a net margin of 5.66%. The firm’s revenue was up 23.6% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share. sell-side analysts anticipate that Apogee Enterprises will post 3.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 2nd. Investors of record on Wednesday, July 18th were given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Tuesday, July 17th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 20.32%.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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