Short Interest in Apogee Enterprises, Inc. (NASDAQ:APOG) Increases By 9.1%

Apogee Enterprises, Inc. (NASDAQ:APOG) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 867,600 shares, a growth of 9.1% from the November 15th total of 795,500 shares. Approximately 4.0% of the shares of the stock are sold short. Based on an average daily volume of 157,500 shares, the days-to-cover ratio is currently 5.5 days.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APOG. DA Davidson upped their price target on Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Gladius Capital Management LP purchased a new stake in shares of Apogee Enterprises in the 3rd quarter valued at approximately $33,000. GAMMA Investing LLC increased its holdings in Apogee Enterprises by 43.2% in the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 163 shares during the last quarter. Quarry LP raised its position in Apogee Enterprises by 959.4% in the second quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 662 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Apogee Enterprises in the third quarter valued at approximately $58,000. Finally, CWM LLC lifted its stake in Apogee Enterprises by 290.6% during the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 712 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Trading Up 0.5 %

Shares of APOG opened at $77.19 on Tuesday. Apogee Enterprises has a 12-month low of $50.75 and a 12-month high of $87.93. The firm has a market capitalization of $1.69 billion, a P/E ratio of 16.25 and a beta of 0.99. The firm has a 50-day moving average price of $80.36 and a 200 day moving average price of $69.97. 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 posted 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. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The business had revenue of $342.40 million during the quarter, compared to analysts’ expectations of $335.31 million. During the same quarter in the prior year, the company posted $1.36 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts forecast that Apogee Enterprises will post 5.06 EPS for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Tuesday, October 22nd. Apogee Enterprises’s payout ratio is 21.05%.

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).