Apogee Enterprises' (APOG) Hold (C-) Rating Reaffirmed at Weiss Ratings

Key Points

• Apogee Enterprises' (APOG) stock rating has been reaffirmed as "hold (C-)" by Weiss Ratings, indicating a neutral stance on the company's performance.
• DA Davidson has lowered its price target for Apogee from $47.00 to $45.00, while the consensus target price stands at $45.00.
• Several institutional investors, including Millennium Management and Segall Bryant & Hamill, have significantly increased their stakes in Apogee Enterprises in recent months.

Apogee Enterprises (NASDAQ:APOG - Get Free Report)'s stock had its "hold (c-)" rating restated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

APOG has been the subject of a number of other research reports. DA Davidson lowered their price target on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Tuesday, July 1st. Wall Street Zen cut Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $45.00.

Apogee Enterprises Stock Performance

APOG traded up $0.43 on Wednesday, reaching $43.32. 137,121 shares of the stock were exchanged, compared to its average volume of 230,574. The company's 50-day moving average price is $43.15 and its 200 day moving average price is $42.42. Apogee Enterprises has a fifty-two week low of $37.53 and a fifty-two week high of $87.93. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 1.36. The firm has a market capitalization of $932.68 million, a PE ratio of 18.51 and a beta of 1.06.

Institutional Investors Weigh In On Apogee Enterprises

Several large investors have recently bought and sold shares of APOG. Millennium Management LLC increased its stake in Apogee Enterprises by 1,074.3% during the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company's stock worth $14,836,000 after buying an additional 292,952 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Apogee Enterprises by 27.9% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 925,641 shares of the industrial products company's stock worth $37,581,000 after buying an additional 201,653 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Apogee Enterprises by 103.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 193,150 shares of the industrial products company's stock worth $8,949,000 after buying an additional 98,080 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Apogee Enterprises by 55.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 243,566 shares of the industrial products company's stock worth $9,889,000 after buying an additional 86,971 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Apogee Enterprises by 9.9% during the 1st quarter. American Century Companies Inc. now owns 760,821 shares of the industrial products company's stock worth $35,249,000 after buying an additional 68,682 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.