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

Apogee Enterprises, Inc. (NASDAQ:APOG)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.85 and traded as high as $39.49. Apogee Enterprises shares last traded at $39.45, with a volume of 263,912 shares.

Analyst Ratings Changes

APOG has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apogee Enterprises in a report on Monday, April 20th. Zacks Research cut shares of Apogee Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Apogee Enterprises presently has a consensus rating of “Hold” and a consensus price target of $70.50.

Apogee Enterprises Stock Performance

The company has a market cap of $850.37 million, a PE ratio of 15.81, a PEG ratio of 1.12 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.65 and a quick ratio of 1.28. The business has a 50-day moving average of $36.11 and a 200 day moving average of $36.91.

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

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, May 13th. Apogee Enterprises’s dividend payout ratio is currently 42.86%.

Institutional Trading of Apogee Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APOG. Royal Bank of Canada increased its position in Apogee Enterprises by 40.3% in the first quarter. Royal Bank of Canada now owns 8,515 shares of the industrial products company’s stock worth $395,000 after buying an additional 2,447 shares in the last quarter. AQR Capital Management LLC increased its position in Apogee Enterprises by 24.0% in the first quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company’s stock worth $2,780,000 after buying an additional 11,608 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Apogee Enterprises by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock worth $602,000 after buying an additional 556 shares in the last quarter. Millennium Management LLC increased its position in Apogee Enterprises by 1,074.3% in the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock worth $14,836,000 after buying an additional 292,952 shares in the last quarter. Finally, Jane Street Group LLC increased its position in Apogee Enterprises by 120.3% in the first quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company’s stock worth $3,673,000 after buying an additional 43,297 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

About Apogee Enterprises

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.