Apogee Enterprises (NASDAQ:APOG) Upgraded at Sidoti

Apogee Enterprises (NASDAQ:APOG) was upgraded by research analysts at Sidoti from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, Marketbeat reports.

A number of other analysts have also commented on APOG. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday. DA Davidson dropped 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.

Apogee Enterprises Trading Down 8.8 %

APOG stock opened at $52.52 on Friday. The company has a market capitalization of $1.15 billion, a PE ratio of 11.06 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. Apogee Enterprises has a one year low of $51.15 and a one year high of $87.93. The company’s 50 day moving average price is $77.45 and its two-hundred day moving average price is $70.72.

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

Institutional Trading of Apogee Enterprises

Several large investors have recently added to or reduced their stakes in the business. Diversified Trust Co grew its holdings in Apogee Enterprises by 10.5% during the fourth quarter. Diversified Trust Co now owns 7,673 shares of the industrial products company’s stock valued at $548,000 after purchasing an additional 730 shares during the period. Geode Capital Management LLC lifted its position in shares of Apogee Enterprises by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock valued at $37,131,000 after buying an additional 7,382 shares in the last quarter. Barclays PLC grew its stake in shares of Apogee Enterprises by 77.8% during the 3rd quarter. Barclays PLC now owns 63,769 shares of the industrial products company’s stock valued at $4,466,000 after acquiring an additional 27,904 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Apogee Enterprises in the 3rd quarter worth approximately $275,000. Finally, Millburn Ridgefield Corp bought a new stake in Apogee Enterprises during the 3rd quarter worth approximately $131,000. 94.05% of the stock is currently owned by institutional investors.

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).