Apogee Enterprises (NASDAQ:APOG) Reaches New 52-Week Low – Should You Sell?

Apogee Enterprises, Inc. (NASDAQ:APOG)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $49.01 and last traded at $49.79, with a volume of 23323 shares trading hands. The stock had previously closed at $51.02.

Analyst Upgrades and Downgrades

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

Apogee Enterprises Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. The firm has a market capitalization of $1.09 billion, a P/E ratio of 11.06 and a beta of 1.01. The firm has a 50 day simple moving average of $66.97 and a two-hundred day simple moving average of $69.83.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, topping the consensus estimate 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 net margin of 7.14% and a return on equity of 23.14%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 earnings per share. Equities research analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, January 28th. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.10%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 23.21%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in Apogee Enterprises in the 2nd quarter worth approximately $217,000. Squarepoint Ops LLC bought a new stake in shares of Apogee Enterprises in the 2nd quarter worth approximately $308,000. The Manufacturers Life Insurance Company grew its stake in shares of Apogee Enterprises by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,310 shares of the industrial products company’s stock worth $711,000 after buying an additional 442 shares during the last quarter. Algert Global LLC bought a new position in Apogee Enterprises during the 2nd quarter valued at approximately $223,000. Finally, Creative Planning raised its stake in Apogee Enterprises by 8.5% during the second quarter. Creative Planning now owns 7,502 shares of the industrial products company’s stock valued at $471,000 after buying an additional 585 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

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).