Apogee Enterprises (NASDAQ:APOG) Stock Rating Lowered by Wall Street Zen

Key Points

• Apogee Enterprises has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen in a recent research note.
• DA Davidson has also reduced Apogee's price objective from $47.00 to $45.00, while maintaining a "neutral" rating, contributing to a consensus target price of $45.00.
• The company's latest earnings report showed a net margin of 3.73% and an earnings per share (EPS) of $0.56, exceeding analyst expectations.

Wall Street Zen cut shares of Apogee Enterprises (NASDAQ:APOG - Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning.

Separately, DA Davidson lowered their price objective on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, July 1st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.00.

Apogee Enterprises Price Performance

Shares of NASDAQ:APOG traded up $1.28 during trading on Friday, reaching $42.59. 131,253 shares of the company's stock traded hands, compared to its average volume of 116,309. The company has a quick ratio of 1.36, a current ratio of 1.77 and a debt-to-equity ratio of 0.65. Apogee Enterprises has a fifty-two week low of $37.53 and a fifty-two week high of $87.93. The firm has a market cap of $916.96 million, a PE ratio of 18.20 and a beta of 1.05. The company has a 50-day simple moving average of $42.70 and a 200-day simple moving average of $42.74.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings data on Friday, June 27th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%.The company had revenue of $346.62 million for the quarter, compared to analysts' expectations of $326.08 million. During the same period 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 3.800-4.200 EPS. As a group, analysts predict that Apogee Enterprises will post 4.97 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, July 16th. Apogee Enterprises's dividend payout ratio (DPR) is 44.44%.

Institutional Trading of Apogee Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new stake in Apogee Enterprises in the second quarter valued at approximately $38,000. Raymond James Financial Inc. purchased a new stake in Apogee Enterprises in the second quarter valued at approximately $38,000. Public Employees Retirement System of Ohio purchased a new stake in Apogee Enterprises in the fourth quarter valued at approximately $42,000. Financial Gravity Asset Management Inc. purchased a new stake in Apogee Enterprises in the first quarter valued at approximately $44,000. Finally, Quarry LP raised its position in Apogee Enterprises by 3,991.1% in the first quarter. Quarry LP now owns 1,841 shares of the industrial products company's stock valued at $85,000 after purchasing an additional 1,796 shares during the period. 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).