Apogee Enterprises Inc (NASDAQ:APOG) Receives $43.33 Consensus Price Target from Analysts

Apogee Enterprises Inc (NASDAQ:APOG) has been assigned an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $43.33.

Several equities analysts have weighed in on the company. TheStreet raised Apogee Enterprises from a “c” rating to a “b-” rating in a report on Thursday, June 27th. ValuEngine cut Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Craig Hallum lifted their price objective on Apogee Enterprises from $46.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 28th. Finally, BidaskClub cut Apogee Enterprises from a “sell” rating to a “strong sell” rating in a report on Saturday, August 10th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC bought a new position in shares of Apogee Enterprises in the 4th quarter valued at $3,633,000. Norges Bank bought a new position in shares of Apogee Enterprises in the 4th quarter valued at $18,173,000. Deutsche Bank AG increased its stake in shares of Apogee Enterprises by 33.4% in the 4th quarter. Deutsche Bank AG now owns 76,087 shares of the industrial products company’s stock valued at $2,269,000 after purchasing an additional 19,037 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Apogee Enterprises by 475.4% in the 1st quarter. Versant Capital Management Inc now owns 1,053 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 870 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in shares of Apogee Enterprises by 11.7% in the 1st quarter. Virginia Retirement Systems ET AL now owns 18,100 shares of the industrial products company’s stock valued at $679,000 after purchasing an additional 1,900 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:APOG traded down $1.31 during mid-day trading on Friday, hitting $35.44. 117,558 shares of the stock were exchanged, compared to its average volume of 150,838. The stock has a market capitalization of $983.58 million, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66. The firm’s 50-day simple moving average is $39.73 and its 200 day simple moving average is $38.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 1.83. Apogee Enterprises has a fifty-two week low of $26.38 and a fifty-two week high of $50.40.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Thursday, June 27th. The industrial products company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The firm had revenue of $355.40 million during the quarter, compared to analysts’ expectations of $324.39 million. Apogee Enterprises had a return on equity of 16.04% and a net margin of 3.22%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 EPS. On average, analysts predict that Apogee Enterprises will post 3.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $0.70 annualized dividend and a yield of 1.98%. Apogee Enterprises’s dividend payout ratio is presently 23.65%.

About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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