Apogee Enterprises (NASDAQ:APOG) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

Apogee Enterprises Stock Down 0.6%

The stock’s fifty day moving average is $36.64 and its two-hundred day moving average is $37.02. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The firm has a market cap of $851.65 million, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18.

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

Apogee Enterprises Announces Dividend

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

Institutional Investors Weigh In On Apogee Enterprises

Hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new stake in Apogee Enterprises during the first quarter worth about $30,000. PNC Financial Services Group Inc. lifted its holdings in Apogee Enterprises by 38.5% in the 1st 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. Raymond James Financial Inc. purchased a new stake in Apogee Enterprises in the 2nd quarter worth approximately $38,000. Meeder Asset Management Inc. purchased a new stake in Apogee Enterprises in the 1st quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. lifted its holdings 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 buying an additional 556 shares during the period. Institutional investors own 94.05% of the company’s stock.

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.