Apogee Enterprises (NASDAQ:APOG) Reaches New 1-Year Low - Time to Sell?

Shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) hit a new 52-week low on Friday . The stock 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 cut Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

Apogee Enterprises Stock Down 3.0%

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 firm has a fifty day moving average price of $43.28 and a 200 day moving average price of $55.99. The firm has a market capitalization of $832.29 million, a price-to-earnings ratio of 8.61 and a beta of 0.99.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The industrial products company reported $0.89 EPS for the quarter, missing the consensus estimate 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 7.14% and a return on equity of 23.14%. The firm's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. As a group, sell-side analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors 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 annualized dividend and a yield of 2.70%. Apogee Enterprises's dividend payout ratio is presently 26.80%.

Hedge Funds Weigh In On Apogee Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in Apogee Enterprises during the first quarter worth $334,000. Intech Investment Management LLC raised its holdings in Apogee Enterprises by 24.1% during the first quarter. Intech Investment Management LLC now owns 108,605 shares of the industrial products company's stock worth $5,032,000 after purchasing an additional 21,068 shares during the last quarter. Jane Street Group LLC raised its holdings in Apogee Enterprises by 120.3% during the first quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company's stock worth $3,673,000 after purchasing an additional 43,297 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Apogee Enterprises during the first quarter worth $596,000. Finally, PharVision Advisers LLC acquired a new position in Apogee Enterprises during the first quarter worth $268,000. 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).