Wall Street Zen Upgrades Apogee Enterprises (NASDAQ:APOG) to "Buy"

Key Points

• Wall Street Zen has upgraded Apogee Enterprises from a "hold" rating to a "buy" rating, signaling a positive outlook for the company.
• Despite the upgrade, other analysts have issued a hold rating, with DA Davidson decreasing the target price from $47.00 to $45.00.
• Apogee Enterprises reported earnings of $0.98 per share, surpassing expectations and marking a 4.6% year-over-year revenue increase.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Other analysts also recently issued research reports about the company. Weiss Ratings restated a "hold (c-)" rating on shares of Apogee Enterprises in a research note on Wednesday. DA Davidson decreased their target price on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Apogee Enterprises presently has an average rating of "Hold" and a consensus price target of $45.00.

Apogee Enterprises Stock Performance

Shares of NASDAQ APOG opened at $39.60 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. The firm has a market cap of $852.59 million, a price-to-earnings ratio of 19.41 and a beta of 1.06. The business's 50-day simple moving average is $43.14 and its 200-day simple moving average is $42.32. Apogee Enterprises has a 52 week low of $37.53 and a 52 week high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly earnings data on Thursday, October 9th. The industrial products company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.14. The business had revenue of $358.19 million for the quarter, compared to analyst estimates of $350.91 million. Apogee Enterprises had a return on equity of 15.79% and a net margin of 3.19%.The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 EPS. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts expect that Apogee Enterprises will post 4.97 earnings per share for the current fiscal year.

Institutional Trading of Apogee Enterprises

Hedge funds have recently modified their holdings of the company. Financial Gravity Companies Inc. bought a new stake in shares of Apogee Enterprises in the 2nd quarter worth approximately $38,000. Raymond James Financial Inc. bought a new stake in shares of Apogee Enterprises in the 2nd quarter worth approximately $38,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Apogee Enterprises in the 1st quarter worth approximately $44,000. Quarry LP raised its holdings in shares of Apogee Enterprises by 3,991.1% in the 1st quarter. Quarry LP now owns 1,841 shares of the industrial products company's stock worth $85,000 after buying an additional 1,796 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new position in shares of Apogee Enterprises in the 2nd quarter worth approximately $86,000. 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).

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.