Apogee Enterprises (NASDAQ:APOG) Hits New 52-Week Low – Time to Sell?

Apogee Enterprises, Inc. (NASDAQ:APOG) shares reached a new 52-week low on Wednesday . The company traded as low as $48.77 and last traded at $49.07, with a volume of 5504 shares trading hands. The stock had previously closed at $49.47.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on APOG shares. Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. Finally, DA Davidson cut their price objective on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th.

Apogee Enterprises Stock Performance

The firm’s 50 day simple moving average is $60.37 and its 200 day simple moving average is $68.70. The firm has a market cap of $1.06 billion, a PE ratio of 10.83 and a beta of 1.01. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results 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. 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 23.14% and a net margin of 7.14%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $1.23 earnings per share. On average, research analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were issued a $0.26 dividend. The ex-dividend date was Tuesday, January 28th. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.14%. Apogee Enterprises’s dividend payout ratio (DPR) is 23.21%.

Institutional Investors Weigh In On Apogee Enterprises

A number of hedge funds have recently bought and sold shares of APOG. Endeavor Private Wealth Inc. bought a new stake in shares of Apogee Enterprises in the 4th quarter worth about $32,000. Gladius Capital Management LP purchased a new position in Apogee Enterprises in the third quarter worth about $33,000. New Age Alpha Advisors LLC bought a new stake in Apogee Enterprises during the fourth quarter worth approximately $40,000. Public Employees Retirement System of Ohio bought a new stake in Apogee Enterprises during the fourth quarter worth approximately $42,000. Finally, Meeder Asset Management Inc. purchased a new stake in Apogee Enterprises during the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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).