Apogee Enterprises (NASDAQ:APOG) Upgraded by Wall Street Zen to "Buy" Rating

Apogee Enterprises (NASDAQ:APOG - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Friday.

Separately, DA Davidson reduced 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 report on Tuesday, July 1st.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG traded down $0.05 during midday trading on Friday, hitting $41.97. The company had a trading volume of 177,517 shares, compared to its average volume of 207,720. 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 twelve month low of $37.53 and a twelve month high of $87.93. The business has a 50-day simple moving average of $40.43 and a two-hundred day simple moving average of $45.76. The firm has a market capitalization of $903.61 million, a price-to-earnings ratio of 17.94 and a beta of 0.96.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its earnings results on Friday, June 27th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.11. Apogee Enterprises had a net margin of 3.73% and a return on equity of 17.79%. The firm had revenue of $346.62 million during the quarter, compared to the consensus estimate of $326.08 million. During the same period in the previous year, the firm earned $1.44 earnings per share. Apogee Enterprises's revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that Apogee Enterprises will post 4.97 earnings per share for the current year.

Hedge Funds Weigh In On Apogee Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. New Age Alpha Advisors LLC bought a new position in shares of Apogee Enterprises during the 4th quarter valued at about $40,000. Public Employees Retirement System of Ohio bought a new position in shares of Apogee Enterprises during the 4th quarter valued at about $42,000. Financial Gravity Asset Management Inc. bought a new position in shares of Apogee Enterprises during the 1st quarter valued at about $44,000. Meeder Asset Management Inc. bought a new position in shares of Apogee Enterprises during the 4th quarter valued at about $57,000. Finally, Quarry LP boosted its position in shares of Apogee Enterprises by 3,991.1% during the 1st 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 in the last quarter. Institutional investors own 94.05% of the company's stock.

Apogee Enterprises Company Profile

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).