Apogee Enterprises (NASDAQ:APOG) Price Target Lowered to $62.00 at DA Davidson

Apogee Enterprises (NASDAQ:APOG) had its target price cut by DA Davidson from $75.00 to $62.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

Separately, StockNews.com upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 1st.

Apogee Enterprises Price Performance

Shares of Apogee Enterprises stock opened at $52.52 on Wednesday. Apogee Enterprises has a twelve month low of $51.15 and a twelve month high of $87.93. The business’s fifty day moving average price is $77.90 and its 200 day moving average price is $70.85. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.15 billion, a P/E ratio of 11.06 and a beta of 1.04.

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

Institutional Investors Weigh In On Apogee Enterprises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in shares of Apogee Enterprises during the third quarter valued at about $33,000. GAMMA Investing LLC increased its holdings in Apogee Enterprises by 43.2% during the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 163 shares during the last quarter. Quarry LP grew its position in shares of Apogee Enterprises by 959.4% during the second quarter. Quarry LP now owns 731 shares of the industrial products company’s stock worth $46,000 after buying an additional 662 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Apogee Enterprises in the third quarter valued at $58,000. Finally, CWM LLC boosted its stake in Apogee Enterprises by 19.9% during the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 190 shares during 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).