Apogee Enterprises (NASDAQ:APOG) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Apogee Enterprises, Inc. (NASDAQ:APOG)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $38.86 and traded as high as $43.95. Apogee Enterprises shares last traded at $43.68, with a volume of 292,209 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on APOG. Wall Street Zen upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings upgraded Apogee Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Finally, Zacks Research raised Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Apogee Enterprises has an average rating of “Buy” and an average price target of $70.50.

Apogee Enterprises Price Performance

The company has a market capitalization of $911.87 million, a price-to-earnings ratio of 13.81, a PEG ratio of 1.08 and a beta of 1.12. The company has a current ratio of 1.78, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. The company’s 50 day simple moving average is $39.35 and its 200-day simple moving average is $38.93.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Tuesday, October 6th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.58. The business had revenue of $391.13 million for the quarter, compared to the consensus estimate of $362.61 million. Apogee Enterprises had a net margin of 4.68% and a return on equity of 15.20%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Apogee Enterprises has set its FY 2027 guidance at 3.000-3.400 EPS. On average, equities research analysts predict that Apogee Enterprises, Inc. will post 3.37 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Tuesday, October 20th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $1.08 annualized dividend and a yield of 2.5%. Apogee Enterprises’s dividend payout ratio is 34.18%.

Institutional Investors Weigh In On Apogee Enterprises

A number of institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of Apogee Enterprises in the 2nd quarter valued at about $39,000. Parallel Advisors LLC purchased a new stake in Apogee Enterprises during the first quarter worth approximately $30,000. PNC Financial Services Group Inc. grew 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 worth $36,000 after buying an additional 296 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Apogee Enterprises in the first quarter worth $41,000. Finally, Versant Capital Management Inc increased its position in shares of Apogee Enterprises by 398.9% in the third quarter. Versant Capital Management Inc now owns 1,312 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 1,049 shares in 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 manufacturer and distributor of architectural products and services for commercial, institutional and other building projects. The company provides solutions designed to support the building envelope, including high-performance architectural glass, aluminum windows, curtainwall and storefront framing systems, and related components.

Apogee also provides installation and building-envelope services, helping customers with the design, fabrication and construction of exterior glass and framing systems.