DA Davidson Has Lowered Expectations for Apogee Enterprises (NASDAQ:APOG) Stock Price

Apogee Enterprises (NASDAQ:APOG - Get Free Report) had its price target decreased by analysts at DA Davidson from $47.00 to $45.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the industrial products company's stock. DA Davidson's price target indicates a potential upside of 8.94% from the stock's previous close.

Separately, Wall Street Zen cut shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, April 25th.

Apogee Enterprises Trading Up 1.7%

NASDAQ:APOG traded up $0.71 during mid-day trading on Tuesday, reaching $41.31. The company's stock had a trading volume of 121,503 shares, compared to its average volume of 203,775. 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 stock has a market cap of $891.04 million, a P/E ratio of 17.64 and a beta of 0.97. The company's fifty day simple moving average is $39.89 and its two-hundred day simple moving average is $48.49. Apogee Enterprises has a twelve month low of $37.53 and a twelve month high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings data on Friday, June 27th. The industrial products company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.11. Apogee Enterprises had a net margin of 3.73% and a return on equity of 17.79%. The business had revenue of $346.62 million for the quarter, compared to analyst estimates of $326.08 million. During the same period in the prior year, the firm posted $1.44 EPS. The company's revenue was up 4.6% on a year-over-year basis. On average, equities analysts predict that Apogee Enterprises will post 4.97 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. New Age Alpha Advisors LLC acquired a new stake in shares of Apogee Enterprises in the fourth quarter worth $40,000. Public Employees Retirement System of Ohio acquired a new stake in Apogee Enterprises in the 4th quarter valued at $42,000. Meeder Asset Management Inc. purchased a new position in Apogee Enterprises in the fourth quarter valued at about $57,000. Financial Gravity Asset Management Inc. purchased a new position in Apogee Enterprises in the first quarter valued at about $44,000. Finally, Vestcor Inc acquired a new position in shares of Apogee Enterprises during the fourth quarter worth about $106,000. 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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