Apogee Enterprises (NASDAQ:APOG) Sets New 12-Month Low – What’s Next?

Apogee Enterprises, Inc. (NASDAQ:APOG)’s stock 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on APOG shares. Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note 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 dropped their target price on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th.

Apogee Enterprises Stock Performance

The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.03 billion, a P/E ratio of 10.42 and a beta of 1.04. The business has a fifty day simple moving average of $49.12 and a 200-day simple moving average of $65.29.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The company had revenue of $341.30 million during the quarter, compared to analyst estimates of $332.27 million. During the same period last year, the business earned $1.23 EPS. Apogee Enterprises’s quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, January 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.23%. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s dividend payout ratio is presently 23.21%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in APOG. Endeavor Private Wealth Inc. bought a new position in shares of Apogee Enterprises during the fourth quarter valued at $32,000. New Age Alpha Advisors LLC purchased a new stake in Apogee Enterprises during the 4th quarter valued at about $40,000. Public Employees Retirement System of Ohio purchased a new position in Apogee Enterprises in the fourth quarter worth about $42,000. Meeder Asset Management Inc. bought a new position in shares of Apogee Enterprises in the fourth quarter worth approximately $57,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Apogee Enterprises by 44.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock valued at $91,000 after buying an additional 396 shares during the last quarter. Hedge funds and other 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).