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

Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) fell 8.6% during trading on Monday . The company traded as low as $43.78 and last traded at $44.7150. Approximately 70,980 shares were traded during trading, a decline of 73% from the average session volume of 264,862 shares. The stock had previously closed at $48.92.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APOG. Zacks Research raised shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Wall Street Zen upgraded shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apogee Enterprises in a research note on Monday, April 20th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $70.50.

Apogee Enterprises Stock Down 0.8%

The firm has a 50-day moving average of $38.06 and a two-hundred day moving average of $37.38. The stock has a market capitalization of $976.55 million, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.34 and a beta of 1.18. 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 announced its quarterly earnings data on Friday, June 26th. The industrial products company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. Apogee Enterprises had a return on equity of 14.72% and a net margin of 4.88%.The firm had revenue of $342.68 million during the quarter, compared to analyst estimates of $333.84 million. During the same period last year, the company posted ($0.13) EPS. The business’s quarterly revenue 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. As a group, sell-side analysts anticipate that Apogee Enterprises, Inc. will post 2.88 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, July 14th. Apogee Enterprises’s dividend payout ratio (DPR) is currently 33.86%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in 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 buying an additional 296 shares during the period. Man Group plc grew its holdings in shares of Apogee Enterprises by 7.1% during the 2nd quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock valued at $254,000 after acquiring an additional 418 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Apogee Enterprises by 11.5% during the 2nd quarter. Lazard Asset Management LLC now owns 5,212 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 537 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of 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 worth $46,000 after acquiring an additional 556 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Apogee Enterprises by 4.5% in 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 acquiring an additional 556 shares during the last quarter. 94.05% of the stock is 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.