Apogee Enterprises (NASDAQ:APOG) Sets New 52-Week Low - Time to Sell?

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as $37.70 and last traded at $37.83, with a volume of 66998 shares changing hands. The stock had previously closed at $38.65.

Wall Street Analyst Weigh In

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

Apogee Enterprises Stock Performance

The firm has a market capitalization of $840.70 million, a PE ratio of 8.70 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. The business's fifty day simple moving average is $42.20 and its 200-day simple moving average is $54.29.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.01). The company had revenue of $345.69 million for the quarter, compared to analysts' expectations of $331.82 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The business's revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 earnings per share. As a group, equities research analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Apogee Enterprises's payout ratio is presently 26.80%.

Institutional Trading of Apogee Enterprises

Large investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC boosted its position in shares of Apogee Enterprises by 2.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 13,185 shares of the industrial products company's stock valued at $611,000 after acquiring an additional 282 shares during the last quarter. Bank of Montreal Can lifted its position in Apogee Enterprises by 4.0% during the fourth quarter. Bank of Montreal Can now owns 7,734 shares of the industrial products company's stock valued at $552,000 after purchasing an additional 298 shares during the last quarter. KBC Group NV grew its stake in shares of Apogee Enterprises by 46.7% in the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock worth $92,000 after buying an additional 408 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Apogee Enterprises by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,436 shares of the industrial products company's stock worth $888,000 after buying an additional 412 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Apogee Enterprises by 6.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,986 shares of the industrial products company's stock worth $499,000 after buying an additional 427 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).