Apogee Enterprises (NASDAQ:APOG) Shares Gap Down – Should You Sell?

Apogee Enterprises, Inc. (NASDAQ:APOG) gapped down prior to trading on Tuesday . The stock had previously closed at $71.13, but opened at $64.82. Apogee Enterprises shares last traded at $60.58, with a volume of 165,419 shares changing hands.

Analyst Upgrades and Downgrades

APOG has been the topic of a number of research reports. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday. DA Davidson dropped their price target on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday.

Apogee Enterprises Trading Down 8.8 %

The company has a fifty day simple moving average of $77.90 and a two-hundred day simple moving average of $70.85. The company has a market capitalization of $1.15 billion, a P/E ratio of 11.06 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 24.12% and a net margin of 7.58%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $1.23 EPS. On average, analysts forecast that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th will be issued a dividend of $0.26 per share. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 1.98%. Apogee Enterprises’s dividend payout ratio is currently 21.05%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of APOG. Diversified Trust Co boosted its position in shares of Apogee Enterprises by 10.5% in the fourth quarter. Diversified Trust Co now owns 7,673 shares of the industrial products company’s stock valued at $548,000 after acquiring an additional 730 shares during the period. Geode Capital Management LLC raised its stake in Apogee Enterprises by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock valued at $37,131,000 after purchasing an additional 7,382 shares during the last quarter. Barclays PLC boosted its holdings in Apogee Enterprises by 77.8% in the 3rd quarter. Barclays PLC now owns 63,769 shares of the industrial products company’s stock valued at $4,466,000 after purchasing an additional 27,904 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Apogee Enterprises in the 3rd quarter worth $275,000. Finally, Millburn Ridgefield Corp bought a new position in shares of Apogee Enterprises during the 3rd quarter worth about $131,000. Institutional investors own 94.05% of the company’s stock.

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).