Short Interest in Apogee Enterprises, Inc. (NASDAQ:APOG) Drops By 10.9%

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 558,900 shares, a drop of 10.9% from the January 15th total of 627,400 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average trading volume of 230,100 shares, the short-interest ratio is presently 2.4 days.

Analyst Ratings Changes

A number of analysts recently weighed in on APOG shares. StockNews.com cut shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 9th. Sidoti raised shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th. DA Davidson dropped their price objective on shares of Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Finally, Singular Research raised shares of Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th.

Apogee Enterprises Price Performance

Apogee Enterprises stock traded up $0.10 during trading hours on Thursday, hitting $48.95. 240,707 shares of the company traded hands, compared to its average volume of 306,096. The firm has a market cap of $1.07 billion, a P/E ratio of 10.93 and a beta of 1.01. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. The firm's 50-day simple moving average is $59.74 and its two-hundred day simple moving average is $68.56. Apogee Enterprises has a 1-year low of $47.94 and a 1-year high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $341.30 million for the quarter, compared to analysts' expectations of $332.27 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. Apogee Enterprises's quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $1.23 EPS. As a group, analysts forecast that Apogee Enterprises will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th were given a dividend of $0.26 per share. This is a positive change from Apogee Enterprises's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, January 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.12%. Apogee Enterprises's dividend payout ratio (DPR) is 23.21%.

Hedge Funds Weigh In On Apogee Enterprises

Large investors have recently made changes to their positions in the business. Endeavor Private Wealth Inc. bought a new position in shares of Apogee Enterprises during the 4th quarter valued at about $32,000. Gladius Capital Management LP bought a new position in shares of Apogee Enterprises during the 3rd quarter valued at about $33,000. GAMMA Investing LLC boosted its position in shares of Apogee Enterprises by 43.2% during 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 in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Apogee Enterprises during the 4th quarter valued at about $40,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Apogee Enterprises during the 4th quarter valued at about $42,000. 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).