A number of other equities analysts have also recently issued reports on APOG. Zacks Investment Research raised shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating and set a $29.00 target price on the stock in a report on Monday, February 24th. DA Davidson raised their target price on shares of Apogee Enterprises from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Finally, ValuEngine raised shares of Apogee Enterprises from a “strong sell” rating to a “sell” rating in a report on Friday, December 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.33.
Shares of NASDAQ APOG opened at $21.59 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average price is $27.67 and its two-hundred day moving average price is $34.43. Apogee Enterprises has a 52-week low of $13.77 and a 52-week high of $46.70. The stock has a market capitalization of $505.02 million, a P/E ratio of 15.20, a P/E/G ratio of 0.58 and a beta of 1.54.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of Apogee Enterprises by 814.4% during the third quarter. Tower Research Capital LLC TRC now owns 823 shares of the industrial products company’s stock valued at $32,000 after buying an additional 733 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Apogee Enterprises by 65.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,539 shares of the industrial products company’s stock valued at $83,000 after buying an additional 1,000 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Apogee Enterprises during the fourth quarter valued at approximately $201,000. Laurion Capital Management LP bought a new stake in shares of Apogee Enterprises during the fourth quarter valued at approximately $205,000. Finally, Hawk Ridge Capital Management LP bought a new stake in shares of Apogee Enterprises during the fourth quarter valued at approximately $296,000. 89.09% of the stock is currently owned by institutional investors.
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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