In the initial quarter of fiscal year 2026, Apogee Enterprises (APOG, Financial) initiated the second phase of its strategic initiative, Project Fortify, aimed at boosting cost efficiencies in its Architectural Services and Architectural Metals segments. This phase focuses on refining the manufacturing setup and reallocating resources for a more streamlined operational model.
The company estimates that Phase 2 will involve pre-tax expenses between $24 million and $26 million, while anticipated annualized pre-tax savings are projected to reach $13 million to $15 million. So far, $15.3 million in pre-tax costs have been recorded during this quarter as part of the initiative. Apogee aims to substantially complete Phase 2 by the close of the fourth quarter of fiscal 2026.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Apogee Enterprises Inc (APOG, Financial) is $54.67 with a high estimate of $63.00 and a low estimate of $47.00. The average target implies an upside of 37.80% from the current price of $39.67. More detailed estimate data can be found on the Apogee Enterprises Inc (APOG) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Apogee Enterprises Inc's (APOG, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Apogee Enterprises Inc (APOG, Financial) in one year is $49.97, suggesting a upside of 25.96% from the current price of $39.67. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Apogee Enterprises Inc (APOG) Summary page.
