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

Apogee Enterprises, Inc. (NASDAQ:APOG) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 558,900 shares, a decline of 10.9% from the January 15th total of 627,400 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily volume of 230,100 shares, the short-interest ratio is presently 2.4 days.

Institutional Trading of Apogee Enterprises

Several large investors have recently bought and sold shares of the stock. Kingsview Wealth Management LLC purchased a new stake in shares of Apogee Enterprises in the 3rd quarter valued at $2,134,000. Farther Finance Advisors LLC boosted its holdings in shares of Apogee Enterprises by 2,602.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,351 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 1,301 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 valued at $37,131,000 after acquiring an additional 7,382 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of Apogee Enterprises in the 4th quarter valued at $824,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Apogee Enterprises in the 3rd quarter valued at $1,800,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Trading Up 0.5 %

Shares of APOG stock traded up $0.26 during trading hours on Friday, reaching $49.56. 191,429 shares of the stock were exchanged, compared to its average volume of 276,058. Apogee Enterprises has a 12-month low of $48.86 and a 12-month high of $87.93. The company’s 50-day moving average price is $61.60 and its 200-day moving average price is $68.93. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 11.06 and a beta of 1.01. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The business had revenue of $341.30 million during the quarter, compared to analyst estimates of $332.27 million. During the same quarter in the previous year, the business posted $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 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Tuesday, January 28th. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s payout ratio is 23.21%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Singular Research upgraded shares of Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. DA Davidson reduced their target price on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th. Finally, Sidoti raised shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th.

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).