DA Davidson Lowers Apogee Enterprises (NASDAQ:APOG) Price Target to $45.00

Apogee Enterprises (NASDAQ:APOG) had its price objective dropped by research analysts at DA Davidson from $47.00 to $45.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. DA Davidson’s price objective would suggest a potential upside of 4.14% from the company’s previous close. DA Davidson also issued estimates for Apogee Enterprises’ FY2026 earnings at $3.56 EPS.

Separately, Wall Street Zen cut shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, April 25th.

Apogee Enterprises Stock Performance

Shares of APOG stock opened at $43.21 on Tuesday. The stock has a market capitalization of $932.04 million, a P/E ratio of 18.47 and a beta of 0.96. The company has a current ratio of 1.77, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $39.75 and its 200 day moving average is $48.40. Apogee Enterprises has a 12 month low of $37.53 and a 12 month high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Friday, June 27th. The industrial products company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The company had revenue of $346.62 million for the quarter, compared to analysts’ expectations of $326.08 million. Apogee Enterprises had a net margin of 3.73% and a return on equity of 17.79%. Apogee Enterprises’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 EPS. On average, sell-side analysts anticipate that Apogee Enterprises will post 4.97 earnings per share for the current year.

Institutional Trading of Apogee Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in Apogee Enterprises by 1.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,170,654 shares of the industrial products company’s stock worth $54,236,000 after purchasing an additional 14,687 shares in the last quarter. American Century Companies Inc. lifted its stake in Apogee Enterprises by 9.9% in the 1st quarter. American Century Companies Inc. now owns 760,821 shares of the industrial products company’s stock worth $35,249,000 after purchasing an additional 68,682 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in Apogee Enterprises by 9.3% in the 1st quarter. Segall Bryant & Hamill LLC now owns 723,988 shares of the industrial products company’s stock worth $33,542,000 after purchasing an additional 61,430 shares in the last quarter. LSV Asset Management lifted its stake in Apogee Enterprises by 5.6% in the 1st quarter. LSV Asset Management now owns 481,355 shares of the industrial products company’s stock worth $22,301,000 after purchasing an additional 25,326 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Apogee Enterprises by 1,074.3% in the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock worth $14,836,000 after purchasing an additional 292,952 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Company Profile

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).