Apogee Enterprises (NASDAQ:APOG) Trading Down 8.6% – Should You Sell?

Apogee Enterprises, Inc. (NASDAQ:APOG)’s stock price dropped 8.6% during mid-day trading on Monday . The stock traded as low as $43.78 and last traded at $44.7150. Approximately 70,980 shares changed hands during trading, a decline of 73% from the average daily volume of 264,862 shares. The stock had previously closed at $48.92.

Analyst Ratings Changes

APOG has been the subject of a number of recent research reports. Wall Street Zen upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings reissued a “sell (d+)” rating on shares of Apogee Enterprises in a report on Monday, April 20th. Finally, Zacks Research upgraded shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Apogee Enterprises currently has an average rating of “Hold” and an average price target of $70.50.

Apogee Enterprises Stock Down 6.3%

The firm has a market capitalization of $978.66 million, a price-to-earnings ratio of 14.37, a P/E/G ratio of 1.42 and a beta of 1.18. The business’s 50-day moving average is $37.63 and its two-hundred day moving average is $37.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Friday, June 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. The firm had revenue of $342.68 million during the quarter, compared to analysts’ expectations of $333.84 million. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.13) earnings per share. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, equities analysts anticipate that Apogee Enterprises, Inc. will post 2.88 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th will be given a $0.27 dividend. The ex-dividend date is Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.4%. Apogee Enterprises’s dividend payout ratio is currently 33.86%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APOG. Parallel Advisors LLC acquired a new stake in shares of Apogee Enterprises during the first quarter worth about $30,000. PNC Financial Services Group Inc. grew its position in shares of Apogee Enterprises by 38.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 296 shares during the period. Raymond James Financial Inc. bought a new stake in Apogee Enterprises during the 2nd quarter worth approximately $38,000. Meeder Asset Management Inc. bought a new stake in Apogee Enterprises during the 1st quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. raised its holdings in Apogee Enterprises by 79.5% during the 4th quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock worth $46,000 after buying an additional 556 shares during the period. 94.05% of the stock is currently owned by institutional investors.

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.