Apogee Enterprises (NASDAQ:APOG) Hits New 52-Week Low – Should You Sell?

Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) hit a new 52-week low during trading on Thursday . The stock traded as low as $48.95 and last traded at $49.32, with a volume of 82311 shares trading hands. The stock had previously closed at $49.65.

Analyst Ratings Changes

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

Apogee Enterprises Stock Up 0.5 %

The business has a 50-day moving average price of $61.60 and a 200 day moving average price of $68.92. 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 $1.09 billion, a P/E ratio of 11.06 and a beta of 1.01.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data 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 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 period last year, the company posted $1.23 EPS. The business’s revenue was up .5% on a year-over-year basis. On average, equities analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, January 28th. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.10%. Apogee Enterprises’s dividend payout ratio is 23.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of APOG. Jane Street Group LLC lifted its holdings in shares of Apogee Enterprises by 55.5% in the 4th quarter. Jane Street Group LLC now owns 35,984 shares of the industrial products company’s stock worth $2,570,000 after acquiring an additional 12,846 shares during the last quarter. Freestone Grove Partners LP bought a new stake in Apogee Enterprises in the fourth quarter worth about $276,000. Northern Trust Corp boosted its position in shares of Apogee Enterprises by 19.9% during the fourth quarter. Northern Trust Corp now owns 277,942 shares of the industrial products company’s stock valued at $19,848,000 after buying an additional 46,220 shares during the period. Tudor Investment Corp ET AL grew its stake in shares of Apogee Enterprises by 51.2% during the fourth quarter. Tudor Investment Corp ET AL now owns 110,616 shares of the industrial products company’s stock valued at $7,899,000 after buying an additional 37,434 shares during the last quarter. Finally, Two Sigma Securities LLC raised its holdings in shares of Apogee Enterprises by 115.1% in the fourth quarter. Two Sigma Securities LLC now owns 6,268 shares of the industrial products company’s stock worth $448,000 after buying an additional 3,354 shares during the period. 94.05% of the stock is owned by hedge funds and other 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).