Apogee Enterprises (NASDAQ:APOG) Reaches New 1-Year Low – Here’s What Happened

Apogee Enterprises, Inc. (NASDAQ:APOG)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $48.95 and last traded at $49.32, with a volume of 82311 shares trading hands. The stock had previously closed at $49.65.

Analyst Ratings Changes

APOG has been the subject of a number of research reports. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. Sidoti upgraded shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th. Finally, DA Davidson dropped 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.

Apogee Enterprises Trading Down 0.7 %

The company’s 50 day moving average price is $62.94 and its 200 day moving average price is $69.18. The firm has a market cap of $1.08 billion, a PE ratio of 11.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27.

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

Apogee Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th were issued a $0.26 dividend. 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 dividend yield of 2.11%. Apogee Enterprises’s dividend payout ratio is presently 23.21%.

Institutional Trading of Apogee Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the company. Endeavor Private Wealth Inc. acquired a new position in Apogee Enterprises during the fourth quarter worth approximately $32,000. Gladius Capital Management LP purchased a new position in shares of Apogee Enterprises during the third quarter worth approximately $33,000. GAMMA Investing LLC increased its holdings in shares of Apogee Enterprises by 43.2% in the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 163 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Apogee Enterprises in the 4th quarter valued at $40,000. Finally, Meeder Asset Management Inc. acquired a new stake in Apogee Enterprises during the 4th quarter worth $57,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

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).