Apogee Enterprises (NASDAQ:APOG) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Apogee Enterprises shares climbed above their 200-day moving average, reaching $41.53 before closing at $40.86, compared with the $38.32 average.
• Analysts are generally bullish: the stock has an average rating of “Buy” and a consensus price target of $70.50, with recent upgrades from Zacks Research and Wall Street Zen.
• The company exceeded quarterly earnings and revenue expectations, reporting $0.57 EPS and $342.68 million in revenue, while paying a $0.27 quarterly dividend yielding about 2.6%.

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.32 and traded as high as $41.53. Apogee Enterprises shares last traded at $40.86, with a volume of 138,744 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Zacks Research upgraded Apogee Enterprises from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 21st. Wall Street Zen upgraded Apogee Enterprises from a "hold" rating to a "buy" rating in a report on Saturday, July 25th. Finally, Weiss Ratings raised Apogee Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $70.50.

Apogee Enterprises Price Performance

The stock's 50-day moving average is $41.39 and its 200 day moving average is $38.32. 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 stock has a market capitalization of $852.75 million, a PE ratio of 12.81, a P/E/G ratio of 1.16 and a beta of 1.15.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its quarterly earnings data on Friday, June 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The company had revenue of $342.68 million during the quarter, compared to the consensus estimate of $333.84 million. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. Apogee Enterprises'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. As a group, equities analysts expect that Apogee Enterprises, Inc. will post 2.96 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $1.08 annualized dividend and a yield of 2.6%. Apogee Enterprises's payout ratio is 33.86%.

Hedge Funds Weigh In On Apogee Enterprises

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Apogee Enterprises during the 2nd quarter worth $155,501,000. Vanguard Group Inc. boosted its stake in shares of Apogee Enterprises by 6.8% during the fourth 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 during the period. Dimensional Fund Advisors LP grew its holdings in shares of Apogee Enterprises by 7.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,063,485 shares of the industrial products company's stock worth $35,668,000 after buying an additional 78,200 shares during the last quarter. California State Teachers Retirement System increased its position in Apogee Enterprises by 4,321.7% in the 2nd quarter. California State Teachers Retirement System now owns 886,807 shares of the industrial products company's stock valued at $40,563,000 after acquiring an additional 866,751 shares during the period. Finally, State Street Corp raised its stake in Apogee Enterprises by 1.8% during the 4th quarter. State Street Corp now owns 833,781 shares of the industrial products company's stock valued at $30,358,000 after acquiring an additional 14,673 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

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.

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