Apogee Enterprises (NASDAQ:APOG) Shares Cross Above 200-Day Moving Average – Time to Sell?

Apogee Enterprises, Inc. (NASDAQ:APOG) 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.

Wall Street Analysts Forecast Growth

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

Apogee Enterprises Stock Performance

The stock has a market capitalization of $842.26 million, a PE ratio of 15.65, a PEG ratio of 1.07 and a beta of 1.18. 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 firm has a 50 day moving average price of $35.86 and a 200-day moving average price of $36.85.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Friday, April 24th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Apogee Enterprises had a net margin of 3.85% and a return on equity of 14.89%. The firm had revenue of $351.35 million during the quarter, compared to analysts’ expectations of $335.98 million. During the same quarter last year, the company posted $0.89 earnings per share. 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. Research analysts expect 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. Investors of record on Wednesday, May 13th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, May 13th. Apogee Enterprises’s dividend payout ratio (DPR) is 42.86%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its position in Apogee Enterprises by 477.7% during the third quarter. Hantz Financial Services Inc. now owns 699 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 578 shares in the last quarter. Parallel Advisors LLC purchased a new position in Apogee Enterprises during the first quarter valued at approximately $30,000. Raymond James Financial Inc. purchased a new position in Apogee Enterprises during the second quarter valued at approximately $38,000. PNC Financial Services Group Inc. raised its position 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 acquiring an additional 296 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Apogee Enterprises during the first quarter valued at approximately $41,000. 94.05% of the stock is currently 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.