Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 867,600 shares, an increase of 9.1% from the November 15th total of 795,500 shares. Currently, 4.0% of the company's stock are short sold. Based on an average trading volume of 157,500 shares, the short-interest ratio is presently 5.5 days.
Apogee Enterprises Stock Down 2.2 %
NASDAQ APOG traded down $1.74 on Friday, hitting $76.80. The stock had a trading volume of 145,012 shares, compared to its average volume of 147,178. The business's fifty day moving average price is $80.39 and its 200 day moving average price is $69.89. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 16.17 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. Apogee Enterprises has a 52-week low of $50.03 and a 52-week high of $87.93.
Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.21. The company had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. Equities research analysts anticipate that Apogee Enterprises will post 5.06 earnings per share for the current year.
Apogee Enterprises Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises's dividend payout ratio is presently 21.05%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. DA Davidson raised their price objective 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 upgraded shares of Apogee Enterprises from a "buy" rating to a "strong-buy" rating in a report on Monday, December 9th.
Check Out Our Latest Report on Apogee Enterprises
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of APOG. Gladius Capital Management LP purchased a new stake in shares of Apogee Enterprises during the third quarter valued at $33,000. GAMMA Investing LLC lifted its position in Apogee Enterprises by 43.2% during the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company's stock worth $38,000 after acquiring an additional 163 shares during the period. Quarry LP grew its stake in Apogee Enterprises by 959.4% during the 2nd 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 last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Apogee Enterprises in the third quarter valued at about $58,000. Finally, CWM LLC raised its stake in shares of Apogee Enterprises by 290.6% in 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 during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.
About Apogee Enterprises
(
Get Free Report)
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).
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