Apogee (APOG) Showing Signs Of Being Strong And Under The Radar

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Apogee ( APOG) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Apogee as such a stock due to the following factors:

  • APOG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $7.9 million.
  • APOG is making at least a new 3-day high.
  • APOG has a PE ratio of 32.8.
  • APOG is mentioned 0.26 times per day on StockTwits.
  • APOG has not yet been mentioned on StockTwits today.
  • APOG is currently in the upper 20% of its 1-year range.
  • APOG is in the upper 35% of its 20-day range.
  • APOG is in the upper 45% of its 5-day range.
  • APOG is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on APOG:

Apogee Enterprises, Inc., together with its subsidiaries, designs and develops glass solutions for enclosing commercial buildings and framing art primarily in the United States, Canada, and Brazil. The stock currently has a dividend yield of 0.9%. APOG has a PE ratio of 32.8. Currently there are 2 analysts that rate Apogee a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Apogee has been 185,800 shares per day over the past 30 days. Apogee has a market cap of $1.3 billion and is part of the industrial goods sector and materials & construction industry. The stock has a beta of 0.91 and a short float of 5% with 8.24 days to cover. Shares are up 23.8% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Apogee as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 2.0%. Since the same quarter one year prior, revenues rose by 30.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • APOG's debt-to-equity ratio is very low at 0.06 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.44, which illustrates the ability to avoid short-term cash problems.
  • Powered by its strong earnings growth of 171.42% and other important driving factors, this stock has surged by 28.96% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
  • APOGEE ENTERPRISES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, APOGEE ENTERPRISES INC increased its bottom line by earning $0.95 versus $0.67 in the prior year. This year, the market expects an improvement in earnings ($1.50 versus $0.95).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Building Products industry. The net income increased by 174.3% when compared to the same quarter one year prior, rising from $6.12 million to $16.79 million.


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