Apogee Enterprises, Inc. (NASDAQ:APOG) Short Interest Down 20.4% in March

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 534,700 shares, a decrease of 20.4% from the March 15th total of 672,000 shares. Based on an average trading volume of 278,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.5% of the company's stock are short sold.

Hedge Funds Weigh In On Apogee Enterprises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Endeavor Private Wealth Inc. purchased a new position in Apogee Enterprises during the fourth quarter valued at approximately $32,000. New Age Alpha Advisors LLC purchased a new position in Apogee Enterprises during the fourth quarter valued at approximately $40,000. Public Employees Retirement System of Ohio acquired a new stake in Apogee Enterprises in the 4th quarter valued at $42,000. Meeder Asset Management Inc. acquired a new position in Apogee Enterprises during the fourth quarter worth about $57,000. Finally, KBC Group NV grew its stake in shares of Apogee Enterprises by 46.7% in the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock valued at $92,000 after buying an additional 408 shares during the period. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Trading Up 0.7 %

Shares of APOG traded up $0.31 during trading hours on Wednesday, hitting $45.92. The company had a trading volume of 163,353 shares, compared to its average volume of 191,246. The firm has a market cap of $1.01 billion, a P/E ratio of 10.25 and a beta of 0.85. Apogee Enterprises has a 52-week low of $42.33 and a 52-week high of $87.93. 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 stock's 50 day moving average price is $47.01 and its 200 day moving average price is $62.53.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.26%. Apogee Enterprises's payout ratio is 23.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Sidoti upgraded shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th. DA Davidson dropped their price target on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. StockNews.com downgraded shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 9th. Finally, Singular Research upgraded Apogee Enterprises to a "moderate buy" rating in a research note on Tuesday, January 14th.

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).