Apogee Enterprises (NASDAQ:APOG) Upgraded at StockNews.com

StockNews.com upgraded shares of Apogee Enterprises (NASDAQ:APOG) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

Separately, DA Davidson lifted their price target on Apogee Enterprises from $60.00 to $65.00 and gave the company a neutral rating in a research report on Friday, June 28th.

Apogee Enterprises Stock Down 0.8 %

Shares of Apogee Enterprises stock opened at $67.63 on Friday. The business’s fifty day moving average price is $62.92 and its two-hundred day moving average price is $59.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.29. The company has a market capitalization of $1.48 billion, a P/E ratio of 13.89 and a beta of 1.00. Apogee Enterprises has a 1-year low of $41.01 and a 1-year high of $69.00.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.28. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. The company had revenue of $331.50 million for the quarter, compared to analysts’ expectations of $333.22 million. During the same period last year, the firm earned $1.05 EPS. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, research analysts forecast that Apogee Enterprises will post 4.86 EPS for the current year.

Apogee Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Wednesday, July 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Wednesday, July 10th. Apogee Enterprises’s payout ratio is 20.53%.

Insider Buying and Selling

In related news, EVP Curtis John Dobler sold 3,548 shares of Apogee Enterprises stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $62.67, for a total value of $222,353.16. Following the transaction, the executive vice president now directly owns 30,369 shares in the company, valued at approximately $1,903,225.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Curtis John Dobler sold 3,548 shares of Apogee Enterprises stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $62.67, for a total value of $222,353.16. Following the transaction, the executive vice president now directly owns 30,369 shares in the company, valued at approximately $1,903,225.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ty R. Silberhorn sold 10,679 shares of Apogee Enterprises stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $63.10, for a total value of $673,844.90. Following the completion of the transaction, the chief executive officer now owns 110,806 shares in the company, valued at $6,991,858.60. The disclosure for this sale can be found here. Insiders have sold 43,227 shares of company stock worth $2,733,018 in the last three months. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of APOG. GAMMA Investing LLC purchased a new position in shares of Apogee Enterprises during the fourth quarter valued at $31,000. Headlands Technologies LLC grew its holdings in shares of Apogee Enterprises by 340.8% during the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock valued at $45,000 after buying an additional 593 shares in the last quarter. EntryPoint Capital LLC grew its holdings in shares of Apogee Enterprises by 31.4% during the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after buying an additional 222 shares in the last quarter. CWM LLC grew its holdings in shares of Apogee Enterprises by 290.6% during the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock valued at $60,000 after buying an additional 712 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Apogee Enterprises by 599.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock valued at $66,000 after buying an additional 959 shares in 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).