Apogee Enterprises (NASDAQ:APOG) Hits New 12-Month Low - Here's What Happened

Shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $37.57 and last traded at $37.73, with a volume of 62400 shares traded. The stock had previously closed at $37.91.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

Apogee Enterprises Trading Up 1.5%

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.23 and a current ratio of 1.55. The company's 50-day moving average price is $40.57 and its 200-day moving average price is $50.39. The firm has a market capitalization of $822.68 million, a PE ratio of 9.83 and a beta of 0.97.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). The business had revenue of $345.69 million during the quarter, compared to analyst estimates of $331.82 million. Apogee Enterprises had a net margin of 6.25% and a return on equity of 21.81%. The firm's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. On average, sell-side analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Tuesday, May 13th. Apogee Enterprises's dividend payout ratio (DPR) is presently 26.80%.

Hedge Funds Weigh In On Apogee Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC acquired a new stake in Apogee Enterprises during the fourth quarter worth approximately $40,000. Public Employees Retirement System of Ohio purchased a new position in shares of Apogee Enterprises in the 4th quarter valued at $42,000. Meeder Asset Management Inc. purchased a new position in shares of Apogee Enterprises in the 4th quarter valued at $57,000. Financial Gravity Asset Management Inc. acquired a new stake in Apogee Enterprises during the 1st quarter worth $44,000. Finally, Vestcor Inc purchased a new stake in Apogee Enterprises in the fourth quarter valued at $106,000. 94.05% of the stock is owned by institutional investors and hedge funds.

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).