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

Apogee Enterprises, Inc. (NASDAQ:APOG) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 1,070,000 shares, a drop of 7.0% from the April 15th total of 1,150,000 shares. Approximately 4.9% of the shares of the company are sold short. Based on an average trading volume of 142,300 shares, the days-to-cover ratio is currently 7.5 days.

Apogee Enterprises Price Performance

APOG opened at $66.54 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.18. The stock has a market capitalization of $1.47 billion, a P/E ratio of 14.75 and a beta of 1.07. The company’s 50 day simple moving average is $60.45 and its 200-day simple moving average is $54.50. Apogee Enterprises has a one year low of $36.62 and a one year high of $67.92.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17. The company had revenue of $361.80 million during the quarter, compared to analysts’ expectations of $337.84 million. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. Sell-side analysts anticipate that Apogee Enterprises will post 4.57 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be given a $0.25 dividend. The ex-dividend date is Monday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.50%. Apogee Enterprises’s dividend payout ratio is currently 22.17%.

Insiders Place Their Bets

In related news, EVP Curtis John Dobler sold 3,548 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $62.67, for a total value of $222,353.16. Following the completion of the transaction, the executive vice president now directly owns 30,369 shares in the company, valued at $1,903,225.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Curtis John Dobler sold 3,548 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $62.67, for a total transaction of $222,353.16. Following the completion of the sale, the executive vice president now directly owns 30,369 shares of the company’s stock, valued at approximately $1,903,225.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lloyd Emerson Johnson sold 24,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $63.13, for a total value of $1,515,120.00. Following the sale, the director now owns 260 shares in the company, valued at approximately $16,413.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,252 shares of company stock worth $4,786,214. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Apogee Enterprises

A number of institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in Apogee Enterprises by 69.8% during the fourth quarter. Pacer Advisors Inc. now owns 537,470 shares of the industrial products company’s stock worth $28,706,000 after buying an additional 220,898 shares during the last quarter. International Assets Investment Management LLC bought a new position in Apogee Enterprises during the 4th quarter worth approximately $22,260,000. Assenagon Asset Management S.A. grew its holdings in Apogee Enterprises by 23.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 249,177 shares of the industrial products company’s stock valued at $13,309,000 after purchasing an additional 47,099 shares during the period. SummerHaven Investment Management LLC grew its holdings in Apogee Enterprises by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 15,235 shares of the industrial products company’s stock valued at $814,000 after purchasing an additional 211 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in Apogee Enterprises by 91.6% in the third quarter. Qube Research & Technologies Ltd now owns 102,247 shares of the industrial products company’s stock valued at $4,814,000 after purchasing an additional 48,892 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

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).