Stock daily read

What happened with APT today?

Why it moved
Explains possible causes using the day’s news and filings
Moving with the market?
Uses market moves and trading volume to assess what drove the change
What to watch next
The next thing that could change the call, and what to look for

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Uses news and trading volume to explain the day’s move and how it relates to the market.

Investment outlook

APT in three months: buy, wait or sell?

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In the report
  • Buy / Wait / Sell rating
  • 3-month target price
  • Bear · Base · Bull
  • vs. the market

Company

Company overview

Building materials generate most of Alpha Pro Tech, Ltd.’s sales. Its housewrap and synthetic roof underlayment are used on building and re-roofing sites, with construction-supply and roofing distributors among its customers. The other business supplies disposable protective products for cleanrooms, industrial workplaces and healthcare, with garments accounting for most of those sales rather than masks or face shields.

The company sells mainly in the United States through independent distributors, using both the Alpha Pro Tech brand and private labels. Sales depend heavily on a small group of large customers. Its largest customer supplies a substantial share of revenue, and these customers’ orders are not guaranteed by contract.

Production also depends on outside manufacturers. Its Indian joint venture, Harmony Plastics Private Limited, makes the vast majority of its disposable protective garments and supplies semi-finished housewrap and roof underlayment. Few manufacturers supply these building materials, and replacing a supplier could delay shipments. Import tariffs also affect the cost of its overseas supply chain.

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Source: SEC filing

Red flags

Know what’s buried in APT’s filings before you buy

The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.

Sorted into
  • Happening now
  • Could go wrong
  • Built in

Moat

APT says it has a moat. Does it hold up?

Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.

Each edge rated
  • Strong
  • Moderate
  • Limited
  • Unproven

Related companies

  • Competition
  • Shared drivers
  • Supplier
  • Customer

Alpha Pro Tech also depends on Harmony Plastics, its Indian manufacturing joint venture supplying most disposable garments and semi-finished housewrap and roof underlayment, and on tariffs affecting those imports.

  • DuPont competes with Alpha Pro Tech for housewrap buyers in construction and protective-garment buyers in industrial and cleanroom settings, putting both Alpha Pro Tech segments in its path. Watch DuPont’s building products and protective garments rather than its broader healthcare and water businesses.

  • Owens Corning competes with Alpha Pro Tech in synthetic roof underlayment sold to building and roofing distributors for construction and re-roofing. That product accounted for approximately 38% of Alpha Pro Tech’s Building Supply sales in 2025, making Owens Corning’s roofing business the relevant area to watch.

  • Lakeland Industries Inc and Alpha Pro Tech compete for industrial safety buyers purchasing limited-use and disposable protective garments. Lakeland’s news on those garments is more relevant to Alpha Pro Tech than its firefighting apparel and related services.

  • Medline Inc. both sells medical protective products that compete with Alpha Pro Tech’s and distributes Alpha Pro Tech products to healthcare buyers alongside its own offerings. Its sales of third-party medical-surgical supplies are the channel to watch for Alpha Pro Tech, distinct from Medline’s own-brand business.

  • Cardinal Health is both a route to healthcare buyers for Alpha Pro Tech products and a seller of competing medical protective products. Watch its Global Medical Products and Distribution business, which sells its own and other brands’ medical supplies, rather than its pharmaceutical business.

Agenda

in 13 daysTue, Nov 3

  1. Time to be announced

    DuPont de Nemours, Inc. earningsDD

    DuPont’s report will show demand in building products and protective garments, markets where it competes with Alpha Pro Tech in both business segments.

in 14 daysWed, Nov 4

  1. Time to be announced
    Major

    Alpha Pro Tech, Ltd. earningsThis company

    Alpha Pro Tech’s report will show whether growing protective-apparel sales are improving that business’s profit while Building Supply holds its sales base.

  2. Time to be announced

    Medline Inc. earningsMDLN

    Medline Inc.’s report will show sales of third-party medical-surgical supplies, in a distribution channel that also carries Alpha Pro Tech products to healthcare buyers.

  3. Time to be announced

    Owens Corning earningsOC

    Owens Corning’s roofing business will show demand in synthetic roof underlayment, a product that made up about 38% of Alpha Pro Tech’s 2025 Building Supply sales.