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

Apogee Enterprises, Inc. (NASDAQ:APOG) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 795,500 shares, a drop of 13.4% from the October 31st total of 918,200 shares. Based on an average daily trading volume, of 153,100 shares, the short-interest ratio is presently 5.2 days. Approximately 3.7% of the company’s stock are sold short.

Institutional Investors Weigh In On Apogee Enterprises

Institutional investors and hedge funds have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co grew its stake in shares of Apogee Enterprises by 7.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,964 shares of the industrial products company’s stock worth $1,179,000 after acquiring an additional 1,459 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Apogee Enterprises by 1.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,772 shares of the industrial products company’s stock valued at $1,349,000 after buying an additional 428 shares during the last quarter. Comerica Bank increased its stake in Apogee Enterprises by 28.9% in the 1st quarter. Comerica Bank now owns 13,062 shares of the industrial products company’s stock valued at $773,000 after buying an additional 2,925 shares during the last quarter. CWM LLC boosted its stake in shares of Apogee Enterprises by 290.6% in the 2nd quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after buying an additional 712 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Apogee Enterprises by 178.7% in the 2nd quarter. SG Americas Securities LLC now owns 35,168 shares of the industrial products company’s stock worth $2,210,000 after buying an additional 22,549 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Up 0.2 %

Apogee Enterprises stock opened at $84.38 on Tuesday. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 17.76 and a beta of 0.97. The firm’s fifty day moving average price is $78.15 and its two-hundred day moving average price is $68.80. Apogee Enterprises has a 1-year low of $46.25 and a 1-year high of $87.93. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.21. The business had revenue of $342.40 million for the quarter, compared to analysts’ expectations of $335.31 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 EPS. On average, equities research analysts predict that Apogee Enterprises will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 1.19%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 21.05%.

Wall Street Analyst Weigh In

A number of analysts recently commented on APOG shares. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. DA Davidson increased their target price on Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th.

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).