Apogee Enterprises (NASDAQ:APOG) Stock Price Down 5.4% – Should You Sell?

Apogee Enterprises, Inc. (NASDAQ:APOG)’s share price dropped 5.4% during mid-day trading on Tuesday . The stock traded as low as $38.02 and last traded at $38.1350. Approximately 7,136 shares changed hands during trading, a decline of 97% from the average session volume of 251,026 shares. The stock had previously closed at $40.33.

Analysts Set New Price Targets

Several research firms have recently weighed in on APOG. Zacks Research upgraded shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Weiss Ratings raised Apogee Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $70.50.

Apogee Enterprises Trading Down 3.2%

The firm’s 50-day simple moving average is $41.31 and its 200-day simple moving average is $38.28. The firm has a market capitalization of $789.35 million, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.14 and a beta of 1.15. The company has a quick ratio of 1.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.46.

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

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 14th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, July 14th. Apogee Enterprises’s dividend payout ratio is 33.86%.

Institutional Investors Weigh In On Apogee Enterprises

Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of 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 valued at $395,000 after acquiring an additional 2,447 shares during the period. AQR Capital Management LLC increased its holdings in Apogee Enterprises by 24.0% during the 1st quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company’s stock valued at $2,780,000 after purchasing an additional 11,608 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Apogee Enterprises by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock valued at $602,000 after purchasing an additional 556 shares during the last quarter. Millennium Management LLC raised its position in 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 valued at $14,836,000 after purchasing an additional 292,952 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Apogee Enterprises by 120.3% in the 1st 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 during the period. Hedge funds and other 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.