Apogee Enterprises (NASDAQ:APOG) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) 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.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on APOG shares. 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. Zacks Research raised shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Finally, Weiss Ratings upgraded shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.50.

Apogee Enterprises Price Performance

The stock’s 50-day moving average price is $38.73 and its 200-day moving average price is $37.41. The company has a market capitalization of $819.15 million, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.10 and a beta of 1.13. 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 issued its quarterly earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The business had revenue of $342.68 million during the quarter, compared to analyst estimates of $333.84 million. During the same quarter last year, the business posted ($0.13) earnings per share. Apogee Enterprises’s revenue for the quarter was down 1.1% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Equities research analysts anticipate that Apogee Enterprises, Inc. will post 2.96 earnings per share for the current year.

Apogee Enterprises Announces Dividend

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

Hedge Funds Weigh In On Apogee Enterprises

Several hedge funds have recently added to or reduced their stakes in APOG. Parallel Advisors LLC bought a new stake in Apogee Enterprises during the 1st quarter worth about $30,000. PNC Financial Services Group Inc. grew its position in shares of Apogee Enterprises by 38.5% during 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. bought a new stake in shares of Apogee Enterprises during the second quarter worth approximately $38,000. Meeder Asset Management Inc. bought a new stake in shares of Apogee Enterprises during the first quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. lifted its holdings in Apogee Enterprises by 79.5% in the fourth quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock valued at $46,000 after buying an additional 556 shares during the period. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

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.