Shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $51.22 and last traded at $51.54, with a volume of 214685 shares. The stock had previously closed at $52.52.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on APOG. StockNews.com lowered Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday. Sidoti upgraded shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a research note on Friday. Finally, DA Davidson dropped their price target on shares of Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a research note on Wednesday.
Get Our Latest Stock Analysis on APOG
Apogee Enterprises Stock Performance
The stock has a fifty day moving average price of $77.45 and a 200 day moving average price of $70.72. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 10.68 and a beta of 1.04.
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 the consensus estimate of $332.27 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 earnings per share. As a group, analysts predict that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current year.
Apogee Enterprises Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.05%. This is a boost from Apogee Enterprises's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, January 28th. Apogee Enterprises's dividend payout ratio is 21.05%.
Hedge Funds Weigh In On Apogee Enterprises
Several large investors have recently made changes to their positions in APOG. TD Asset Management Inc raised its stake in Apogee Enterprises by 6.2% during the 2nd quarter. TD Asset Management Inc now owns 32,500 shares of the industrial products company's stock valued at $2,042,000 after purchasing an additional 1,900 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Apogee Enterprises in the second quarter valued at about $3,547,000. Quest Partners LLC grew its position in Apogee Enterprises by 115,311.1% during the second quarter. Quest Partners LLC now owns 10,387 shares of the industrial products company's stock worth $653,000 after buying an additional 10,378 shares in the last quarter. Texas Permanent School Fund Corp grew its position in Apogee Enterprises by 32.7% during the second quarter. Texas Permanent School Fund Corp now owns 25,648 shares of the industrial products company's stock worth $1,612,000 after buying an additional 6,319 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in Apogee Enterprises by 294.5% during the second quarter. Headlands Technologies LLC now owns 3,026 shares of the industrial products company's stock valued at $190,000 after acquiring an additional 2,259 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.
About Apogee Enterprises
(
Get Free Report)
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).
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