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

Apogee Enterprises, Inc. (NASDAQ:APOG) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.41 and traded as high as $39.30. Apogee Enterprises shares last traded at $39.00, with a volume of 222,839 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently commented on APOG. Wall Street Zen lowered shares of Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 5th. Weiss Ratings upgraded shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Finally, Zacks Research raised shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.50.

Apogee Enterprises Price Performance

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76. The firm has a market capitalization of $813.93 million, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 1.09 and a beta of 1.13. The business has a fifty day moving average of $38.68 and a 200-day moving average of $37.41.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.14. Apogee Enterprises had a return on equity of 14.72% and a net margin of 4.88%.The firm had revenue of $342.68 million for the quarter, compared to the consensus estimate of $333.84 million. During the same quarter in the previous year, the business earned ($0.13) EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, sell-side analysts forecast that Apogee Enterprises, Inc. will post 2.96 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, July 14th. Apogee Enterprises’s dividend payout ratio (DPR) is 33.86%.

Institutional Investors Weigh In On Apogee Enterprises

Several institutional investors have recently bought and sold shares of APOG. Deprince Race & Zollo Inc. grew its position in Apogee Enterprises by 70.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock valued at $31,034,000 after buying an additional 351,923 shares in the last quarter. Millennium Management LLC raised its position in shares of Apogee Enterprises by 1,074.3% during the 1st 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. Federated Hermes Inc. raised its position in shares of Apogee Enterprises by 524.3% during the 4th quarter. Federated Hermes Inc. now owns 228,361 shares of the industrial products company’s stock worth $8,315,000 after buying an additional 191,783 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Apogee Enterprises by 6.8% during the 4th quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock worth $95,657,000 after buying an additional 166,402 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Apogee Enterprises by 103.2% in the 4th quarter. Russell Investments Group Ltd. now owns 216,607 shares of the industrial products company’s stock worth $7,887,000 after acquiring an additional 110,023 shares during the period. Institutional investors and hedge funds 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.