Apogee Enterprises (NASDAQ:APOG) Hits New 1-Year High - Should You Buy?

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $87.50 and last traded at $86.58, with a volume of 11581 shares traded. The stock had previously closed at $86.03.

Wall Street Analyst Weigh In

APOG has been the topic of several recent analyst reports. DA Davidson upped their price target on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th. StockNews.com raised shares of Apogee Enterprises from a "buy" rating to a "strong-buy" rating in a report on Tuesday, October 15th.

Apogee Enterprises Stock Up 1.4 %

The company has a market capitalization of $1.91 billion, a P/E ratio of 18.36 and a beta of 0.97. The firm has a 50-day moving average price of $73.02 and a two-hundred day moving average price of $66.95. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.21. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The firm had revenue of $342.40 million during the quarter, compared to analyst estimates of $335.31 million. During the same period last year, the company earned $1.36 earnings per share. The company's revenue was down 3.2% on a year-over-year basis. Equities research analysts anticipate that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. Apogee Enterprises's dividend payout ratio is currently 21.05%.

Institutional Investors Weigh In On Apogee Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Apogee Enterprises by 599.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company's stock worth $66,000 after purchasing an additional 959 shares in the last quarter. Texas Permanent School Fund Corp increased its position in Apogee Enterprises by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 19,329 shares of the industrial products company's stock valued at $1,144,000 after buying an additional 261 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Apogee Enterprises during the 1st quarter valued at $747,000. Illinois Municipal Retirement Fund boosted its stake in Apogee Enterprises by 5.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,741 shares of the industrial products company's stock valued at $754,000 after purchasing an additional 641 shares during the last quarter. Finally, Headlands Technologies LLC boosted its stake in shares of Apogee Enterprises by 340.8% in the 1st quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company's stock worth $45,000 after buying an additional 593 shares during 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).