Apogee Enterprises (NASDAQ:APOG) Hits New 12-Month Low – Here’s Why

Apogee Enterprises, Inc. (NASDAQ:APOG)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $35.26 and last traded at $35.67, with a volume of 260272 shares trading hands. The stock had previously closed at $36.61.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on APOG. Wall Street Zen lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apogee Enterprises in a research report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.00.

Apogee Enterprises Stock Down 2.6%

The stock has a market capitalization of $767.26 million, a PE ratio of 17.49 and a beta of 1.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.76 and a quick ratio of 1.37. The business’s fifty day moving average price is $41.63 and its two-hundred day moving average price is $41.34.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Thursday, October 9th. The industrial products company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.14. The firm had revenue of $358.19 million for the quarter, compared to analyst estimates of $350.91 million. Apogee Enterprises had a net margin of 3.19% and a return on equity of 15.76%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. On average, equities research analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Wednesday, October 29th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, October 29th. Apogee Enterprises’s dividend payout ratio is presently 50.98%.

Institutional Investors Weigh In On Apogee Enterprises

Several hedge funds have recently added to or reduced their stakes in APOG. Financial Gravity Companies Inc. purchased a new stake in Apogee Enterprises in the second quarter valued at $38,000. Raymond James Financial Inc. purchased a new stake in Apogee Enterprises in the second quarter valued at $38,000. Financial Gravity Asset Management Inc. purchased a new stake in Apogee Enterprises in the first quarter valued at $44,000. Quarry LP boosted its holdings in Apogee Enterprises by 3,991.1% in the first quarter. Quarry LP now owns 1,841 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 1,796 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new stake in Apogee Enterprises in the second quarter valued at $86,000. 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).