Apogee Enterprises (NASDAQ:APOG) Hits New 12-Month Low - Time to Sell?

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $38.06 and last traded at $38.66, with a volume of 254841 shares trading hands. The stock had previously closed at $38.88.

Wall Street Analyst Weigh In

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

Apogee Enterprises Price Performance

The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. The firm has a market cap of $858.39 million, a price-to-earnings ratio of 8.88 and a beta of 0.99. The stock's 50-day moving average price is $43.43 and its 200 day moving average price is $56.11.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its quarterly earnings data 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). Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The company had revenue of $345.69 million for the quarter, compared to analyst estimates of $331.82 million. During the same period in the previous year, the firm posted $1.14 earnings per share. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. Equities research analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.61%. Apogee Enterprises's payout ratio is presently 26.80%.

Institutional Investors Weigh In On Apogee Enterprises

A number of hedge funds have recently made changes to their positions in APOG. Victory Capital Management Inc. grew its stake in Apogee Enterprises by 1.3% during the first quarter. Victory Capital Management Inc. now owns 1,170,654 shares of the industrial products company's stock worth $54,236,000 after buying an additional 14,687 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Apogee Enterprises by 9.9% during the first quarter. American Century Companies Inc. now owns 760,821 shares of the industrial products company's stock worth $35,249,000 after buying an additional 68,682 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Apogee Enterprises by 9.3% during the first quarter. Segall Bryant & Hamill LLC now owns 723,988 shares of the industrial products company's stock worth $33,542,000 after buying an additional 61,430 shares in the last quarter. LSV Asset Management increased its holdings in shares of Apogee Enterprises by 5.6% during the first quarter. LSV Asset Management now owns 481,355 shares of the industrial products company's stock worth $22,301,000 after buying an additional 25,326 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Apogee Enterprises by 1,074.3% during the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company's stock worth $14,836,000 after buying an additional 292,952 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

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).