Apogee Enterprises (NASDAQ:APOG) Hits New 12-Month Low – Time to Sell?

Apogee Enterprises, Inc. (NASDAQ:APOG)’s share price hit a new 52-week low on Monday . The company traded as low as $46.55 and last traded at $46.18, with a volume of 123479 shares. The stock had previously closed at $47.94.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on APOG. DA Davidson decreased 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. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. Finally, Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th.

Apogee Enterprises Trading Down 3.1 %

The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1.02 billion, a P/E ratio of 10.37 and a beta of 1.01. The business’s fifty day simple moving average is $55.54 and its two-hundred day simple moving average is $67.83.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, beating 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 business had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $332.27 million. During the same quarter last year, the company earned $1.23 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. As a group, analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, January 28th. This is a boost 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 2.24%. Apogee Enterprises’s payout ratio is currently 23.21%.

Institutional Inflows and Outflows

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