Here's Why This Door Technology Company's Stock Surged Today

Locks and access door company Allegion (NYSE: ALLE) stock had risen by 10.3% at 11 a.m. ET. The move comes after its first-quarter earnings report was released this morning. Here's what happened and why the stock looks like a great value.It's no secret that the residential housing market is under pressure from relatively high interest rates. The tariff turmoil threatens nearly all manufacturers, and they may be unable to pass on increased supply chain costs. There's also the threat of an order slowdown in response to uncertainty around tariffs.However, Allegion merely maintaining its full-year guidance for mid-single-digit revenue growth and adjusted earnings per share (EPS) of $7.65-$7.85 was enough to trigger a rally. The good news is that it can continue because Allegion's underlying fundamentals remain strong.Continue reading

Apr 24, 2025 - 17:18

Here's Why This Door Technology Company's Stock Surged Today

Locks and access door company Allegion (NYSE: ALLE) stock had risen by 10.3% at 11 a.m. ET. The move comes after its first-quarter earnings report was released this morning. Here's what happened and why the stock looks like a great value.

It's no secret that the residential housing market is under pressure from relatively high interest rates. The tariff turmoil threatens nearly all manufacturers, and they may be unable to pass on increased supply chain costs. There's also the threat of an order slowdown in response to uncertainty around tariffs.

However, Allegion merely maintaining its full-year guidance for mid-single-digit revenue growth and adjusted earnings per share (EPS) of $7.65-$7.85 was enough to trigger a rally. The good news is that it can continue because Allegion's underlying fundamentals remain strong.