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

Apogee Enterprises, Inc. (NASDAQ:APOG) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 877,700 shares, a decrease of 13.1% from the September 30th total of 1,010,000 shares. Based on an average daily volume of 139,200 shares, the short-interest ratio is currently 6.3 days. Currently, 4.1% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

APOG has been the topic of a number of recent analyst reports. StockNews.com raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. DA Davidson lifted 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 Price Performance

NASDAQ APOG opened at $75.86 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. Apogee Enterprises has a 52-week low of $41.39 and a 52-week high of $86.22. The business has a 50 day simple moving average of $70.67 and a 200 day simple moving average of $65.65. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 15.58 and a beta of 0.98.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.21. The business had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the business posted $1.36 earnings per share. Analysts anticipate that Apogee Enterprises will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. Apogee Enterprises’s payout ratio is presently 20.53%.

Institutional Investors Weigh In On Apogee Enterprises

Institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. grew its stake in shares of Apogee Enterprises by 15.5% during the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock worth $57,620,000 after acquiring an additional 122,811 shares in the last quarter. American Century Companies Inc. boosted its holdings in Apogee Enterprises by 23.2% during the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock worth $33,225,000 after purchasing an additional 99,495 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Apogee Enterprises by 70.8% in the third quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock valued at $11,369,000 after purchasing an additional 67,295 shares in the last quarter. Renaissance Technologies LLC increased its stake in Apogee Enterprises by 1,004.1% in the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock valued at $4,567,000 after buying an additional 66,100 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Apogee Enterprises during the 2nd quarter worth about $3,547,000. Institutional investors own 94.05% of the company’s stock.

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).