Apogee Enterprises, Inc. (NASDAQ:APOG) Sees Significant Increase in Short Interest

Apogee Enterprises, Inc. (NASDAQ:APOG) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 612,018 shares, an increase of 26.1% from the January 15th total of 485,272 shares. Based on an average daily trading volume, of 286,226 shares, the days-to-cover ratio is currently 2.1 days. Currently, 2.9% of the company’s shares are short sold. Currently, 2.9% of the company’s shares are short sold. Based on an average daily trading volume, of 286,226 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in APOG. Hantz Financial Services Inc. raised its position in shares of Apogee Enterprises by 477.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 699 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 578 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in Apogee Enterprises in the second quarter worth about $38,000. Raymond James Financial Inc. bought a new position in shares of Apogee Enterprises in the second quarter worth approximately $38,000. PNC Financial Services Group Inc. lifted its stake in shares of Apogee Enterprises by 46.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock worth $87,000 after buying an additional 637 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Apogee Enterprises by 45.9% during the second quarter. BNP Paribas Financial Markets now owns 2,174 shares of the industrial products company’s stock valued at $88,000 after buying an additional 684 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

Shares of APOG stock opened at $41.44 on Monday. The business’s fifty day moving average is $38.24 and its 200 day moving average is $39.49. The company has a quick ratio of 1.45, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. The stock has a market cap of $891.37 million, a price-to-earnings ratio of 22.40 and a beta of 1.11. Apogee Enterprises has a twelve month low of $30.75 and a twelve month high of $49.99.

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

Apogee Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Tuesday, February 3rd will be issued a dividend of $0.27 per share. The ex-dividend date is Tuesday, February 3rd. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.6%. Apogee Enterprises’s dividend payout ratio (DPR) is 58.38%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research downgraded shares of Apogee Enterprises from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Weiss Ratings lowered Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, January 21st. Wall Street Zen upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Stephens assumed coverage on Apogee Enterprises in a research note on Tuesday, December 16th. They set an “overweight” rating and a $95.00 target price on the stock. Finally, DA Davidson set a $46.00 target price on Apogee Enterprises in a report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $70.50.

About Apogee Enterprises

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.