Apogee Enterprises (NASDAQ:APOG) Hits New 12-Month Low - What's Next?

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $45.26 and last traded at $45.56, with a volume of 1967 shares changing hands. The stock had previously closed at $46.67.

Analyst Upgrades and Downgrades

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

Apogee Enterprises Stock Performance

The company has a market capitalization of $967.75 million, a price-to-earnings ratio of 9.81 and a beta of 1.04. The stock has a 50 day simple moving average of $48.74 and a 200 day simple moving average of $65.04. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52.

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

Apogee Enterprises Increases Dividend

The business 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 annualized dividend and a yield of 2.36%. Apogee Enterprises's dividend payout ratio (DPR) is presently 23.21%.

Institutional Trading of Apogee Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Endeavor Private Wealth Inc. bought a new stake in Apogee Enterprises in the fourth quarter worth about $32,000. New Age Alpha Advisors LLC bought a new stake in shares of Apogee Enterprises in the 4th quarter worth approximately $40,000. Public Employees Retirement System of Ohio acquired a new stake in Apogee Enterprises during the fourth quarter valued at approximately $42,000. Meeder Asset Management Inc. bought a new stake in Apogee Enterprises during the fourth quarter worth approximately $57,000. Finally, KBC Group NV grew its position in Apogee Enterprises by 46.7% in the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock worth $92,000 after buying an additional 408 shares during 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).