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

Apogee Enterprises, Inc. (NASDAQ:APOGGet Free Report) shares 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 changing hands.

Analysts Set New Price Targets

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

Read Our Latest Report on APOG

Apogee Enterprises Price Performance

The firm 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 stock has a 50-day moving average price of $35.86 and a 200 day moving average price of $36.85. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.45.

Apogee Enterprises (NASDAQ:APOGGet Free Report) last posted its quarterly earnings data on Friday, April 24th. The industrial products company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $351.35 million during the quarter, compared to analysts’ expectations of $335.98 million. Apogee Enterprises had a return on equity of 14.89% and a net margin of 3.85%.The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Equities analysts forecast that Apogee Enterprises, Inc. will post 2.88 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.7%. Apogee Enterprises’s payout ratio is currently 42.86%.

Institutional Trading of Apogee Enterprises

A number of institutional investors and hedge funds have recently modified their holdings of APOG. Royal Bank of Canada increased its stake in shares of Apogee Enterprises by 40.3% during the first quarter. Royal Bank of Canada now owns 8,515 shares of the industrial products company’s stock worth $395,000 after purchasing an additional 2,447 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Apogee Enterprises by 24.0% during the first quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company’s stock worth $2,780,000 after purchasing an additional 11,608 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Apogee Enterprises by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock worth $602,000 after purchasing an additional 556 shares in the last quarter. Millennium Management LLC increased its position in shares of Apogee Enterprises by 1,074.3% during the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock worth $14,836,000 after purchasing an additional 292,952 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Apogee Enterprises by 120.3% during the first quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company’s stock worth $3,673,000 after purchasing an additional 43,297 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

(Get Free Report)

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.

Further Reading

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