Apogee Enterprises (NASDAQ:APOG) Hits New 1-Year Low – Should You Sell?

Apogee Enterprises, Inc. (NASDAQ:APOG)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $45.26 and last traded at $45.56, with a volume of 1967 shares traded. The stock had previously closed at $46.67.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. DA Davidson reduced their price objective 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. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. Finally, Singular Research raised Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th.

Apogee Enterprises Stock Down 1.6 %

The company has a market cap of $1.01 billion, a P/E ratio of 10.25 and a beta of 1.04. The business’s 50 day moving average price is $49.52 and its 200-day moving average price is $65.55. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results 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. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The company had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $332.27 million. During the same quarter in the prior year, the business earned $1.23 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts anticipate 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 is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, January 28th. This represents a $1.04 annualized dividend and a yield of 2.26%. Apogee Enterprises’s dividend payout ratio is currently 23.21%.

Institutional Investors Weigh In On Apogee Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in APOG. Endeavor Private Wealth Inc. bought a new position in Apogee Enterprises in the fourth quarter valued at about $32,000. New Age Alpha Advisors LLC acquired a new position in Apogee Enterprises during the 4th quarter valued at about $40,000. Public Employees Retirement System of Ohio bought a new position in shares of Apogee Enterprises in the 4th quarter valued at about $42,000. Meeder Asset Management Inc. acquired a new stake in shares of Apogee Enterprises during the 4th quarter worth approximately $57,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Apogee Enterprises by 44.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock worth $91,000 after buying an additional 396 shares during the last quarter. 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).