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

Apogee Enterprises, Inc. (NASDAQ:APOG) reached a new 52-week low on Monday . The stock traded as low as $33.75 and last traded at $34.8250, with a volume of 215885 shares trading hands. The stock had previously closed at $34.57.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on APOG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Apogee Enterprises in a research report on Thursday, October 30th. Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.00.

Apogee Enterprises Price Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.76. The business’s fifty day simple moving average is $40.89 and its 200 day simple moving average is $41.05. The stock has a market cap of $742.65 million, a price-to-earnings ratio of 16.97 and a beta of 1.10.

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

Apogee Enterprises Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, October 29th. Apogee Enterprises’s payout ratio is currently 50.98%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of APOG. JPMorgan Chase & Co. boosted its holdings in shares of Apogee Enterprises by 8.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 272,969 shares of the industrial products company’s stock valued at $11,893,000 after buying an additional 21,764 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Apogee Enterprises by 46.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 637 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Apogee Enterprises by 5.1% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 12,031 shares of the industrial products company’s stock worth $524,000 after purchasing an additional 587 shares during the period. Versor Investments LP boosted its position in Apogee Enterprises by 99.8% during the 3rd quarter. Versor Investments LP now owns 14,543 shares of the industrial products company’s stock valued at $634,000 after purchasing an additional 7,265 shares during the period. Finally, Johnson Investment Counsel Inc. boosted its position in Apogee Enterprises by 15.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 5,786 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 760 shares during the period. 94.05% of the stock is currently owned by 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).