Apogee Enterprises (NASDAQ:APOG) Upgraded by Singular Research to Moderate Buy Rating

Apogee Enterprises (NASDAQ:APOG) was upgraded by equities research analysts at Singular Research to a “moderate buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. StockNews.com downgraded shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th. DA Davidson decreased their target price on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Sidoti raised shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th.

Apogee Enterprises Trading Down 0.7 %

APOG opened at $53.04 on Tuesday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 11.17 and a beta of 1.04. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. Apogee Enterprises has a 12 month low of $49.58 and a 12 month high of $87.93. The firm’s fifty day simple moving average is $76.49 and its 200 day simple moving average is $70.74.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $341.30 million for the quarter, compared to analyst estimates of $332.27 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 earnings per share. As a group, research analysts anticipate that Apogee Enterprises will post 5.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Apogee Enterprises

A number of institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in Apogee Enterprises by 15.5% in the second quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock valued at $57,620,000 after acquiring an additional 122,811 shares during the last quarter. American Century Companies Inc. lifted its stake in Apogee Enterprises by 23.2% in the 2nd quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock valued at $33,225,000 after purchasing an additional 99,495 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in Apogee Enterprises during the third quarter worth about $6,845,000. Assenagon Asset Management S.A. increased its position in Apogee Enterprises by 70.8% during the third quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock worth $11,369,000 after buying an additional 67,295 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Apogee Enterprises by 1,004.1% during the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock worth $4,567,000 after acquiring an additional 66,100 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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).