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

Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $47.63 and last traded at $48.48, with a volume of 184038 shares traded. The stock had previously closed at $48.16.

Analyst Upgrades and Downgrades

A number of analysts recently commented on APOG shares. Singular Research raised Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. Finally, DA Davidson reduced their price target 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 Up 0.7 %

The company has a market cap of $1.06 billion, a price-to-earnings ratio of 10.82 and a beta of 1.01. 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 stock’s fifty day moving average is $58.00 and its two-hundred day moving average is $68.35.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $341.30 million during 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 company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 earnings per share. Sell-side analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.15%. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, January 28th. Apogee Enterprises’s payout ratio is currently 23.21%.

Institutional Trading of Apogee Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Apogee Enterprises by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company’s stock worth $82,548,000 after purchasing an additional 75,438 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Apogee Enterprises by 12.9% in the fourth quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company’s stock valued at $49,426,000 after acquiring an additional 79,009 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Apogee Enterprises by 1.4% during the third quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock valued at $37,131,000 after acquiring an additional 7,382 shares during the last quarter. Northern Trust Corp lifted its holdings in Apogee Enterprises by 19.9% during the fourth quarter. Northern Trust Corp now owns 277,942 shares of the industrial products company’s stock worth $19,848,000 after acquiring an additional 46,220 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Apogee Enterprises by 87.9% in the fourth quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company’s stock worth $13,335,000 after purchasing an additional 87,356 shares during the last quarter. 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).