Short Interest in Apogee Enterprises, Inc. (NASDAQ:APOG) Decreases By 17.2%

Apogee Enterprises, Inc. (NASDAQ:APOG) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 421,194 shares, a decrease of 17.2% from the December 15th total of 508,802 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily volume of 289,866 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 289,866 shares, the short-interest ratio is currently 1.5 days. Approximately 2.0% of the company’s stock are sold short.

Apogee Enterprises Price Performance

Shares of APOG opened at $36.92 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 1.90. Apogee Enterprises has a fifty-two week low of $30.75 and a fifty-two week high of $58.35. The firm has a 50-day simple moving average of $36.60 and a 200-day simple moving average of $39.94. The company has a market capitalization of $794.15 million, a price-to-earnings ratio of 19.96 and a beta of 1.08.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.01). Apogee Enterprises had a net margin of 2.86% and a return on equity of 15.02%. The company had revenue of $348.56 million during the quarter, compared to analyst estimates of $355.29 million. During the same quarter last year, the firm earned $1.19 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. On average, equities research analysts anticipate that Apogee Enterprises will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Tuesday, February 3rd will be issued a dividend of $0.27 per share. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, February 3rd. Apogee Enterprises’s dividend payout ratio is 56.22%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on APOG shares. Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Apogee Enterprises in a research note on Thursday, October 30th. DA Davidson set a $46.00 price objective on Apogee Enterprises in a report on Friday, January 9th. Finally, Stephens initiated coverage on Apogee Enterprises in a report on Tuesday, December 16th. They issued an “overweight” rating and a $95.00 target price for the company. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.50.

Hedge Funds Weigh In On Apogee Enterprises

Large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its holdings in shares of Apogee Enterprises by 477.7% in the third quarter. Hantz Financial Services Inc. now owns 699 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 578 shares in the last quarter. Financial Gravity Companies Inc. purchased a new position in Apogee Enterprises during the second quarter worth about $38,000. Raymond James Financial Inc. acquired a new stake in Apogee Enterprises in the second quarter valued at about $38,000. McElhenny Sheffield Capital Management LLC purchased a new stake in Apogee Enterprises in the 2nd quarter valued at approximately $86,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Apogee Enterprises by 46.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 637 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.