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

Key Points

• Apogee Enterprises has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, marking a significant shift in analyst sentiment.
• DA Davidson has reduced its target price for Apogee shares from $47.00 to $45.00, aligning with a broader consensus that now averages a Hold rating.
• Despite the downgrade, Apogee reported strong quarterly earnings of $0.98 per share, exceeding analysts' expectations and reflecting a year-over-year revenue increase of 4.6%.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

A number of other brokerages have also weighed in on APOG. DA Davidson cut their target price on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Apogee Enterprises in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $45.00.

Apogee Enterprises Price Performance

APOG opened at $39.12 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.76. The stock has a market capitalization of $841.47 million, a PE ratio of 19.18 and a beta of 1.06. The stock's 50 day moving average price is $42.42 and its 200-day moving average price is $41.80. Apogee Enterprises has a 52-week low of $37.25 and a 52-week high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings results on Thursday, October 9th. The industrial products company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.14. The company had revenue of $358.19 million during the quarter, compared to analyst estimates of $350.91 million. Apogee Enterprises had a return on equity of 15.76% and a net margin of 3.19%.The firm's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. On average, equities research analysts predict that Apogee Enterprises will post 4.97 EPS for the current year.

Institutional Trading of Apogee Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in APOG. Dynamic Technology Lab Private Ltd purchased a new position in Apogee Enterprises during the first quarter valued at $596,000. State of Alaska Department of Revenue raised its position in shares of Apogee Enterprises by 5.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,850 shares of the industrial products company's stock worth $521,000 after purchasing an additional 686 shares during the last quarter. PharVision Advisers LLC bought a new position in Apogee Enterprises in the 1st quarter worth about $268,000. Voya Investment Management LLC grew its position in Apogee Enterprises by 29.0% during the 1st quarter. Voya Investment Management LLC now owns 113,571 shares of the industrial products company's stock valued at $5,262,000 after purchasing an additional 25,514 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Apogee Enterprises by 18.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 29,914 shares of the industrial products company's stock valued at $1,386,000 after purchasing an additional 4,680 shares during the last quarter. 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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