Apogee Enterprises Inc. (NASDAQ:APOG) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price target of $56.00 for the company and are forecasting that the company will post $0.79 EPS for the current quarter, according to Zacks. Zacks has also given Apogee Enterprises an industry rank of 23 out of 265 based on the ratings given to related companies.
APOG has been the subject of a number of recent research reports. Zacks Investment Research raised Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, June 7th. Goldman Sachs Group Inc. downgraded Apogee Enterprises from a “buy” rating to a “neutral” rating and cut their price target for the stock from $53.00 to $50.00 in a research note on Monday, July 11th. Finally, DA Davidson set a $56.00 price target on Apogee Enterprises and gave the stock a “buy” rating in a research note on Tuesday, September 13th.
Apogee Enterprises (NASDAQ:APOG) opened at 44.14 on Monday. The stock’s 50 day moving average price is $46.82 and its 200 day moving average price is $44.78. Apogee Enterprises has a 1-year low of $33.67 and a 1-year high of $54.34. The stock has a market capitalization of $1.28 billion, a PE ratio of 16.34 and a beta of 1.49.
Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Wednesday, September 14th. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. Apogee Enterprises had a return on equity of 18.68% and a net margin of 7.65%. The company earned $278.50 million during the quarter. During the same period last year, the business earned $0.50 earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts forecast that Apogee Enterprises will post $2.86 earnings per share for the current year.
In related news, Director David Ernest Weiss sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $46.66, for a total value of $466,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph F. Puishys sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $45.95, for a total value of $3,446,250.00. Following the completion of the transaction, the chief executive officer now directly owns 290,553 shares in the company, valued at $13,350,910.35. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of APOG. Neumeier Poma Investment Counsel LLC increased its position in shares of Apogee Enterprises by 32.4% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 378,300 shares of the company’s stock worth $16,604,000 after buying an additional 92,675 shares during the last quarter. Huntington Asset Advisors Inc. acquired a new stake in Apogee Enterprises during the first quarter worth about $658,000. JPMorgan Chase & Co. raised its stake in Apogee Enterprises by 13,117.4% in the first quarter. JPMorgan Chase & Co. now owns 37,273 shares of the company’s stock worth $1,636,000 after buying an additional 36,991 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Apogee Enterprises by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 780,643 shares of the company’s stock worth $34,262,000 after buying an additional 20,743 shares during the period. Finally, BlackRock Group LTD raised its stake in Apogee Enterprises by 17.3% in the first quarter. BlackRock Group LTD now owns 46,382 shares of the company’s stock worth $2,035,000 after buying an additional 6,829 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.
Apogee Enterprises Company Profile
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Apogee Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apogee Enterprises Inc. and related companies with MarketBeat.com's FREE daily email newsletter.