Apogee Enterprises (NASDAQ:APOG) Hits New 1-Year Low - Here's What Happened

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) shares hit 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 traded. The stock had previously closed at $47.94.

Analyst Ratings Changes

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

Apogee Enterprises Stock Down 0.3 %

The company's 50 day moving average price is $54.03 and its two-hundred day moving average price is $67.43. 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 firm has a market cap of $1.05 billion, a PE ratio of 10.69 and a beta of 1.01.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The business had revenue of $341.30 million during the quarter, compared to analyst estimates of $332.27 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. Apogee Enterprises's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 earnings per share. On average, equities research analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

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Apogee Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were paid a dividend of $0.26 per share. This is a boost from Apogee Enterprises's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, January 28th. This represents a $1.04 dividend on an annualized basis and a yield of 2.17%. Apogee Enterprises's dividend payout ratio (DPR) is presently 23.21%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Apogee Enterprises during the third quarter worth about $213,000. Farther Finance Advisors LLC grew its holdings in Apogee Enterprises by 2,602.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,351 shares of the industrial products company's stock valued at $95,000 after buying an additional 1,301 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Apogee Enterprises during the 3rd quarter valued at approximately $1,800,000. Los Angeles Capital Management LLC raised its position in shares of Apogee Enterprises by 1.4% during the third quarter. Los Angeles Capital Management LLC now owns 32,078 shares of the industrial products company's stock valued at $2,246,000 after buying an additional 439 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Apogee Enterprises by 63.1% in the third quarter. Royce & Associates LP now owns 22,197 shares of the industrial products company's stock worth $1,554,000 after buying an additional 8,589 shares in the last quarter. Institutional investors own 94.05% of the company's stock.

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).