Apogee Enterprises (NASDAQ:APOG) Hits New 52-Week Low – What’s Next?

Apogee Enterprises, Inc. (NASDAQ:APOG) reached a new 52-week low on Wednesday . The company traded as low as $48.77 and last traded at $49.07, with a volume of 5504 shares trading hands. The stock had previously closed at $49.47.

Analyst Upgrades and Downgrades

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

Apogee Enterprises Stock Down 1.6 %

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. The stock has a 50 day moving average price of $59.15 and a 200-day moving average price of $68.43. The stock has a market capitalization of $1.06 billion, a P/E ratio of 10.76 and a beta of 1.01.

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

Apogee Enterprises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, January 28th. This represents a $1.04 annualized dividend and a yield of 2.16%. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s dividend payout ratio is presently 23.21%.

Hedge Funds Weigh In On Apogee Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of APOG. Endeavor Private Wealth Inc. bought a new stake in shares of Apogee Enterprises in the fourth quarter worth about $32,000. Gladius Capital Management LP bought a new position in Apogee Enterprises during the 3rd quarter valued at approximately $33,000. New Age Alpha Advisors LLC purchased a new stake in Apogee Enterprises in the 4th quarter worth approximately $40,000. Public Employees Retirement System of Ohio bought a new stake in shares of Apogee Enterprises in the 4th quarter worth approximately $42,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Apogee Enterprises during the fourth quarter valued at approximately $57,000. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Company Profile

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).