Apogee Enterprises (NASDAQ:APOG) Stock Passes Above 200-Day Moving Average – Should You Sell?

Apogee Enterprises, Inc. (NASDAQ:APOG) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.32 and traded as high as $41.53. Apogee Enterprises shares last traded at $40.86, with a volume of 138,744 shares trading hands.

Analysts Set New Price Targets

APOG has been the subject of several research reports. Wall Street Zen raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Weiss Ratings upgraded Apogee Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Finally, Zacks Research raised Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $70.50.

Apogee Enterprises Stock Performance

The firm has a market cap of $851.83 million, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.15 and a beta of 1.15. The stock has a 50-day moving average of $41.38 and a 200-day moving average of $38.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.14. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The company had revenue of $342.68 million during the quarter, compared to analysts’ expectations of $333.84 million. During the same period last year, the business earned ($0.13) EPS. The business’s quarterly revenue was down 1.1% on a year-over-year basis. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. As a group, analysts anticipate that Apogee Enterprises, Inc. will post 2.96 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $1.08 annualized dividend and a dividend yield of 2.6%. Apogee Enterprises’s payout ratio is presently 33.86%.

Hedge Funds Weigh In On Apogee Enterprises

Large investors have recently bought and sold shares of the company. Parallel Advisors LLC purchased a new position in shares of Apogee Enterprises in the first quarter valued at $30,000. PNC Financial Services Group Inc. boosted its stake in Apogee Enterprises by 38.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company’s stock valued at $36,000 after buying an additional 296 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Apogee Enterprises in the 2nd quarter valued at about $38,000. Quantbot Technologies LP bought a new stake in shares of Apogee Enterprises in the 2nd quarter worth about $39,000. Finally, Meeder Asset Management Inc. purchased a new stake in Apogee Enterprises in the first quarter worth $41,000. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.