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Apogee Enterprises, Inc. (NASDAQ:APOG - Get Rating) - Analysts at DA Davidson issued their Q3 2023 EPS estimates for shares of Apogee Enterprises in a research report issued on Thursday, September 22nd. DA Davidson analyst B. Thielman expects that the industrial products company will post earnings of $0.98 per share for the quarter. The consensus estimate for Apogee Enterprises' current full-year earnings is $3.82 per share. DA Davidson also issued estimates for Apogee Enterprises' FY2023 earnings at $3.93 EPS and FY2024 earnings at $3.92 EPS.
Several other equities research analysts have also commented on the stock. StockNews.com upgraded shares of Apogee Enterprises from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, September 14th. TheStreet upgraded shares of Apogee Enterprises from a "c+" rating to a "b-" rating in a research report on Thursday, June 23rd. Finally, Craig Hallum lowered their price target on Apogee Enterprises from $47.00 to $43.00 and set a "hold" rating on the stock in a report on Friday, June 24th.Apogee Enterprises Price Performance
Shares of APOG opened at $39.96 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.32 and a debt-to-equity ratio of 0.70. The stock's 50 day moving average is $41.42 and its two-hundred day moving average is $42.69. Apogee Enterprises has a twelve month low of $35.96 and a twelve month high of $50.44. The firm has a market capitalization of $885.39 million, a PE ratio of 16.31 and a beta of 1.07.
Apogee Enterprises (NASDAQ:APOG - Get Rating) last announced its earnings results on Tuesday, September 20th. The industrial products company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.23. Apogee Enterprises had a net margin of 3.95% and a return on equity of 21.94%. The business had revenue of $372.10 million for the quarter, compared to analysts' expectations of $342.84 million. During the same period in the previous year, the company posted $0.53 EPS. The company's quarterly revenue was up 14.2% on a year-over-year basis. Insider Activity
In other news, insider Brent C. Jewell sold 1,313 shares of Apogee Enterprises stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $37.88, for a total transaction of $49,736.44. Following the completion of the sale, the insider now directly owns 23,111 shares in the company, valued at $875,444.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Gary Robert Johnson sold 2,187 shares of the firm's stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $40.00, for a total value of $87,480.00. Following the sale, the senior vice president now directly owns 36,600 shares of the company's stock, valued at $1,464,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brent C. Jewell sold 1,313 shares of the company's stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $37.88, for a total transaction of $49,736.44. Following the transaction, the insider now directly owns 23,111 shares of the company's stock, valued at approximately $875,444.68. The disclosure for this sale can be found here. Company insiders own 1.82% of the company's stock. Hedge Funds Weigh In On Apogee Enterprises
A number of hedge funds have recently made changes to their positions in APOG. Vanguard Group Inc. raised its holdings in shares of Apogee Enterprises by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 2,868,027 shares of the industrial products company's stock worth $136,117,000 after purchasing an additional 182,687 shares during the period. Segall Bryant & Hamill LLC boosted its position in Apogee Enterprises by 7.6% during the 4th quarter. Segall Bryant & Hamill LLC now owns 957,661 shares of the industrial products company's stock worth $46,111,000 after purchasing an additional 67,503 shares during the period. Bank of New York Mellon Corp increased its holdings in Apogee Enterprises by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 364,212 shares of the industrial products company's stock valued at $17,285,000 after purchasing an additional 1,767 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Apogee Enterprises by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 349,592 shares of the industrial products company's stock valued at $16,592,000 after purchasing an additional 5,114 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of Apogee Enterprises by 2.1% in the first quarter. ProShare Advisors LLC now owns 231,372 shares of the industrial products company's stock worth $10,981,000 after buying an additional 4,755 shares during the period. Institutional investors and hedge funds own 89.95% of the company's stock. About Apogee Enterprises (Get Rating)
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in 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; curtain wall; storefront; and entrance systems, such as the outside skin and entrances of commercial, institutional, and multi-family residential buildings.Further ReadingGet a free copy of the StockNews.com research report on Apogee Enterprises (APOG)What Steelcase's Earnings Say About the Return to the Office? The Institutions Hold On To Darden Restaurants International These 3 Big Dividend Payers Also Boast Strong Price Growth Is The Golden Age Of Homebuilding Already Over? Natural Gas Prices Continue To Rally, These Stocks Should Benefit
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