Apogee Enterprises, Inc. (NASDAQ:APOG) Short Interest Update

Apogee Enterprises, Inc. (NASDAQ:APOG) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 762,000 shares, a decrease of 17.9% from the December 15th total of 927,700 shares. Based on an average daily trading volume, of 186,600 shares, the days-to-cover ratio is presently 4.1 days. Currently, 3.5% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a report on Tuesday. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. DA Davidson decreased their price target on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th.

Institutional Trading of Apogee Enterprises

Several large investors have recently added to or reduced their stakes in APOG. Ritholtz Wealth Management boosted its holdings in shares of Apogee Enterprises by 69.0% during the fourth quarter. Ritholtz Wealth Management now owns 22,095 shares of the industrial products company’s stock worth $1,578,000 after purchasing an additional 9,019 shares during the period. Diversified Trust Co raised its stake in shares of Apogee Enterprises by 10.5% in the 4th quarter. Diversified Trust Co now owns 7,673 shares of the industrial products company’s stock valued at $548,000 after acquiring an additional 730 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Apogee Enterprises by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock worth $37,131,000 after purchasing an additional 7,382 shares during the last quarter. Barclays PLC boosted its position in Apogee Enterprises by 77.8% during the third quarter. Barclays PLC now owns 63,769 shares of the industrial products company’s stock worth $4,466,000 after purchasing an additional 27,904 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Apogee Enterprises during the third quarter valued at approximately $275,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Price Performance

APOG traded up $1.80 during trading on Friday, reaching $56.20. The stock had a trading volume of 81,376 shares, compared to its average volume of 404,667. Apogee Enterprises has a 1-year low of $49.58 and a 1-year high of $87.93. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 12.56 and a beta of 1.04. The stock has a 50 day moving average of $74.78 and a two-hundred day moving average of $70.44. The company has a quick ratio of 1.32, a current ratio of 1.63 and a debt-to-equity ratio of 0.52.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The company had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. During the same quarter in the prior year, the firm earned $1.23 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. As a group, equities analysts anticipate that Apogee Enterprises will post 4.96 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th will be paid a $0.26 dividend. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, January 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.85%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 22.32%.

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).