Apogee Enterprises (NASDAQ:APOG) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Apogee Enterprises (NASDAQ:APOG) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Several other analysts have also recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Apogee Enterprises in a research note on Wednesday. DA Davidson dropped their price objective on shares of Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.00.

Apogee Enterprises Stock Performance

Shares of APOG stock opened at $39.60 on Friday. The company has a market capitalization of $852.59 million, a price-to-earnings ratio of 19.41 and a beta of 1.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. The company has a 50-day simple moving average of $43.14 and a 200 day simple moving average of $42.28. Apogee Enterprises has a 52 week low of $37.53 and a 52 week high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Thursday, October 9th. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.84 by $0.14. Apogee Enterprises had a net margin of 3.19% and a return on equity of 15.79%. The business had revenue of $358.19 million during the quarter, compared to the consensus estimate of $350.91 million. During the same quarter in the previous year, the firm posted $1.44 EPS. Apogee Enterprises’s revenue was up 4.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. On average, sell-side analysts predict that Apogee Enterprises will post 4.97 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th will be given a $0.26 dividend. The ex-dividend date is Wednesday, October 29th. This represents a $1.04 annualized dividend and a dividend yield of 2.6%. Apogee Enterprises’s payout ratio is presently 50.98%.

Hedge Funds Weigh In On Apogee Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wedge Capital Management L L P NC raised its position in shares of Apogee Enterprises by 5.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 27,819 shares of the industrial products company’s stock valued at $1,212,000 after buying an additional 1,467 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Apogee Enterprises in the 3rd quarter valued at approximately $768,000. Moody National Bank Trust Division raised its position in shares of Apogee Enterprises by 12.5% in the 3rd quarter. Moody National Bank Trust Division now owns 34,734 shares of the industrial products company’s stock valued at $1,513,000 after buying an additional 3,869 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Apogee Enterprises by 104.2% in the 2nd quarter. Squarepoint Ops LLC now owns 72,611 shares of the industrial products company’s stock valued at $2,948,000 after buying an additional 37,052 shares in the last quarter. Finally, State of Wyoming raised its position in shares of Apogee Enterprises by 49.3% in the 2nd quarter. State of Wyoming now owns 13,609 shares of the industrial products company’s stock valued at $553,000 after buying an additional 4,491 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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).