Apogee Enterprises (NASDAQ:APOG) Hits New 52-Week Low – What’s Next?

Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) 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. The stock had previously closed at $49.47.

Analyst Ratings Changes

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

Apogee Enterprises Stock Performance

The company has a market capitalization of $1.06 billion, a P/E ratio of 10.76 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. The company’s fifty day moving average is $59.15 and its 200 day moving average is $68.43.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly 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. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The firm had revenue of $341.30 million during the quarter, compared to analyst estimates of $332.27 million. During the same period last year, the company earned $1.23 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.16%. 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 dividend payout ratio is presently 23.21%.

Hedge Funds Weigh In On Apogee Enterprises

Several hedge funds have recently bought and sold shares of APOG. Endeavor Private Wealth Inc. bought a new position in Apogee Enterprises in the 4th quarter valued at $32,000. Gladius Capital Management LP bought a new stake in Apogee Enterprises during the third quarter valued at $33,000. New Age Alpha Advisors LLC purchased 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 in the 4th quarter worth about $42,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Apogee Enterprises in the 4th quarter valued at about $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).