Apogee Enterprises (NASDAQ:APOG) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Apogee Enterprises, Inc. (NASDAQ:APOG)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $37.02 and traded as high as $41.17. Apogee Enterprises shares last traded at $39.89, with a volume of 302,938 shares changing hands.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Apogee Enterprises in a report on Monday, April 20th. Zacks Research upgraded shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $70.50.

Apogee Enterprises Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average price is $36.80 and its 200-day moving average price is $37.06. The stock has a market capitalization of $881.11 million, a PE ratio of 16.38, a PEG ratio of 1.16 and a beta of 1.18.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Friday, April 24th. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Apogee Enterprises had a return on equity of 14.89% and a net margin of 3.85%.The company had revenue of $351.35 million for the quarter, compared to analysts’ expectations of $335.98 million. During the same period in the previous year, the firm earned $0.89 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, sell-side analysts expect that Apogee Enterprises, Inc. will post 2.88 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Wednesday, May 13th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.6%. Apogee Enterprises’s dividend payout ratio is currently 42.86%.

Institutional Trading of Apogee Enterprises

Several hedge funds have recently bought and sold shares of APOG. Parallel Advisors LLC bought a new stake in shares of Apogee Enterprises in the first quarter worth about $30,000. PNC Financial Services Group Inc. grew its holdings in Apogee Enterprises by 38.5% during the 1st 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 in the last quarter. Raymond James Financial Inc. purchased a new position in Apogee Enterprises during the 2nd quarter valued at approximately $38,000. Meeder Asset Management Inc. bought a new stake in Apogee Enterprises in the 1st quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. increased its stake in Apogee Enterprises by 79.5% in the 4th quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 556 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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.