Apogee Enterprises (NASDAQ:APOG) Upgraded at StockNews.com

Apogee Enterprises (NASDAQ:APOG - Get Free Report) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday.

Separately, DA Davidson lifted their price target on shares of Apogee Enterprises from $65.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 8th.

Apogee Enterprises Stock Up 0.2 %

Shares of APOG traded up $0.14 during trading hours on Wednesday, hitting $71.41. The company had a trading volume of 127,180 shares, compared to its average volume of 149,740. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 15.03 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. Apogee Enterprises has a 52-week low of $51.15 and a 52-week high of $87.93. The firm has a fifty day moving average price of $79.04 and a 200-day moving average price of $70.72.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.21. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The firm had revenue of $342.40 million during the quarter, compared to analysts' expectations of $335.31 million. During the same quarter in the previous year, the business earned $1.36 earnings per share. The company's revenue was down 3.2% on a year-over-year basis. On average, equities research analysts forecast that Apogee Enterprises will post 5.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Apogee Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Gladius Capital Management LP bought a new stake in shares of Apogee Enterprises during the third quarter worth $33,000. GAMMA Investing LLC lifted its holdings in Apogee Enterprises by 43.2% during the 3rd 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. Quarry LP boosted its position in Apogee Enterprises by 959.4% in the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company's stock valued at $46,000 after buying an additional 662 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Apogee Enterprises in the 3rd quarter worth about $58,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of Apogee Enterprises during the second quarter worth approximately $75,000. Hedge funds and other 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).

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