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

Apogee Enterprises, Inc. (NASDAQ:APOG)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $51.22 and last traded at $51.54, with a volume of 214685 shares changing hands. The stock had previously closed at $52.52.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on APOG shares. DA Davidson reduced their target price on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday. Sidoti upgraded shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday. Finally, StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

Apogee Enterprises Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. The company has a market capitalization of $1.13 billion, a PE ratio of 10.83 and a beta of 1.04. The company has a 50 day moving average price of $77.45 and a 200 day moving average price of $70.72.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The firm 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 7.58% and a return on equity of 24.12%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 EPS. Equities analysts forecast that Apogee Enterprises, Inc. will post 5.06 EPS for the current 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 $0.26 dividend. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.02%. Apogee Enterprises’s payout ratio is currently 21.05%.

Institutional Investors Weigh In On Apogee Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in the company. Gladius Capital Management LP bought a new stake in Apogee Enterprises during the third quarter valued at $33,000. GAMMA Investing LLC boosted its holdings in shares of Apogee Enterprises by 43.2% in the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after buying an additional 163 shares during the period. Quarry LP grew its position in shares of Apogee Enterprises by 959.4% during the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after buying an additional 662 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Apogee Enterprises during the third quarter worth about $58,000. Finally, CWM LLC raised its stake in Apogee Enterprises by 19.9% during the third quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 190 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

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).