Short Interest in Apogee Enterprises, Inc. (NASDAQ:APOG) Increases By 6.7%

Apogee Enterprises, Inc. (NASDAQ:APOG – Get Rating) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 520,400 shares, an increase of 6.7% from the February 13th total of 487,500 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily volume of 113,500 shares, the days-to-cover ratio is presently 4.6 days.

Insider Buying and Selling at Apogee Enterprises

In other Apogee Enterprises news, insider Brent C. Jewell sold 4,500 shares of the business’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $45.36, for a total value of $204,120.00. Following the completion of the transaction, the insider now directly owns 10,816 shares of the company’s stock, valued at $490,613.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.82% of the company’s stock.

Institutional Investors Weigh In On Apogee Enterprises

Large investors have recently made changes to their positions in the stock. Linden Thomas Advisory Services LLC bought a new stake in shares of Apogee Enterprises in the fourth quarter valued at about $1,319,000. Point72 Middle East FZE bought a new position in Apogee Enterprises in the fourth quarter valued at approximately $42,000. Lazard Asset Management LLC grew its position in shares of Apogee Enterprises by 3.2% in the 4th quarter. Lazard Asset Management LLC now owns 11,934 shares of the industrial products company’s stock valued at $530,000 after acquiring an additional 371 shares during the period. Squarepoint Ops LLC grew its holdings in Apogee Enterprises by 8.3% during the fourth quarter. Squarepoint Ops LLC now owns 5,972 shares of the industrial products company’s stock worth $266,000 after purchasing an additional 457 shares during the period. Finally, Legal & General Group Plc boosted its position in Apogee Enterprises by 2.3% during the fourth quarter. Legal & General Group Plc now owns 67,743 shares of the industrial products company’s stock worth $3,012,000 after purchasing an additional 1,529 shares during the period. Institutional investors own 88.38% of the company’s stock.

Apogee Enterprises Trading Down 2.9 %

Shares of NASDAQ APOG opened at $41.36 on Thursday. The company’s 50 day simple moving average is $45.86 and its 200 day simple moving average is $44.44. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.34. Apogee Enterprises has a fifty-two week low of $35.96 and a fifty-two week high of $50.23. The firm has a market capitalization of $918.61 million, a P/E ratio of 13.43 and a beta of 1.11.

Apogee Enterprises (NASDAQ:APOG – Get Rating) last announced its quarterly earnings results on Thursday, December 22nd. The industrial products company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. Apogee Enterprises had a net margin of 4.75% and a return on equity of 25.58%. The business had revenue of $367.85 million for the quarter, compared to the consensus estimate of $354.60 million. On average, analysts predict that Apogee Enterprises will post 3.96 EPS for the current year.

Apogee Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.32%. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, January 30th. Apogee Enterprises’s dividend payout ratio is presently 31.17%.

Apogee Enterprises Company Profile

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Apogee Enterprises, Inc engages in the design and development of architectural products and services. It also provides architectural glass, aluminum framing systems and installation services for buildings, as well as value-added glazing products for custom picture framing. The company operates through the following segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies.