Apogee Enterprises (NASDAQ:APOG) Reaches New 1-Year Low – What’s Next?

Apogee Enterprises, Inc. (NASDAQ:APOG)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $46.55 and last traded at $46.18, with a volume of 123479 shares. The stock had previously closed at $47.94.

Analyst Ratings Changes

Several analysts have recently commented on APOG shares. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. StockNews.com lowered shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th. DA Davidson dropped their target price on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Singular Research upgraded shares of Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th.

Apogee Enterprises Stock Down 3.1 %

The firm’s 50 day moving average price is $55.54 and its 200-day moving average price is $67.83. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.02 billion, a P/E ratio of 10.37 and a beta of 1.01.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $332.27 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm earned $1.23 earnings per share. As a group, equities research analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Tuesday, January 28th. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s dividend payout ratio is currently 23.21%.

Hedge Funds Weigh In On Apogee Enterprises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its position in shares of Apogee Enterprises by 4.0% in the 4th quarter. Bank of Montreal Can now owns 7,734 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 298 shares during the period. Moran Wealth Management LLC raised its holdings in Apogee Enterprises by 0.3% in the third quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company’s stock worth $6,887,000 after purchasing an additional 304 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Apogee Enterprises by 44.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 396 shares in the last quarter. KBC Group NV grew its holdings in shares of Apogee Enterprises by 46.7% in the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock valued at $92,000 after buying an additional 408 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Apogee Enterprises by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,436 shares of the industrial products company’s stock valued at $888,000 after buying an additional 412 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).