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

Apogee Enterprises, Inc. (NASDAQ:APOG)’s share price reached a new 52-week low during trading on Monday . The stock 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 Analyst Weigh In

A number of equities analysts have weighed in on the company. DA Davidson decreased their target price 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. StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th. Sidoti upgraded shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. Finally, Singular Research upgraded shares of Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th.

Apogee Enterprises Stock Up 0.8 %

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 has a market cap of $1.03 billion, a PE ratio of 10.42 and a beta of 1.04. The company’s 50-day moving average price is $49.12 and its 200 day moving average price is $65.29.

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 the consensus estimate of $332.27 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $1.23 earnings per share. 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 declared 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 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Tuesday, January 28th. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s payout ratio is currently 23.21%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in APOG. Bank of Montreal Can increased its holdings in Apogee Enterprises by 4.0% in the 4th quarter. Bank of Montreal Can now owns 7,734 shares of the industrial products company’s stock worth $552,000 after acquiring an additional 298 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Apogee Enterprises by 44.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 396 shares during the period. KBC Group NV increased its stake in shares of Apogee Enterprises by 46.7% in the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 408 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Apogee Enterprises by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,436 shares of the industrial products company’s stock valued at $888,000 after purchasing an additional 412 shares during the period. Finally, Sterling Capital Management LLC lifted its stake in shares of Apogee Enterprises by 6.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,986 shares of the industrial products company’s stock valued at $499,000 after buying an additional 427 shares in the last quarter. 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).