Short Interest in Apogee Enterprises, Inc. (NASDAQ:APOG) Grows By 21.4%

Apogee Enterprises, Inc. (NASDAQ:APOG) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 677,720 shares, an increase of 21.4% from the February 26th total of 558,244 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily trading volume, of 145,586 shares, the short-interest ratio is presently 4.7 days.

Wall Street Analysts Forecast Growth

APOG has been the topic of a number of recent research reports. Zacks Research raised shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Stephens started coverage on Apogee Enterprises in a research note on Tuesday, December 16th. They issued an “overweight” rating and a $95.00 price target on the stock. DA Davidson set a $46.00 price target on Apogee Enterprises in a research report on Friday, January 9th. Finally, Weiss Ratings cut Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $70.50.

Apogee Enterprises Stock Performance

Shares of Apogee Enterprises stock opened at $33.54 on Wednesday. The firm has a market cap of $721.45 million, a price-to-earnings ratio of 18.13 and a beta of 1.08. The stock’s 50-day moving average is $37.44 and its 200-day moving average is $37.98. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.45. Apogee Enterprises has a one year low of $30.75 and a one year high of $49.99.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data 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). Apogee Enterprises had a return on equity of 15.02% and a net margin of 2.86%.The business had revenue of $348.56 million for the quarter, compared to analyst estimates of $355.29 million. During the same quarter in the prior year, the company earned $1.19 earnings per share. The company’s quarterly 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. Equities analysts predict that Apogee Enterprises will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Tuesday, February 3rd were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, February 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.26. Apogee Enterprises’s dividend payout ratio (DPR) is currently 58.38%.

Hedge Funds Weigh In On Apogee Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in Apogee Enterprises by 0.6% during the second quarter. Rhumbline Advisers now owns 63,399 shares of the industrial products company’s stock worth $2,574,000 after buying an additional 386 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Apogee Enterprises by 7.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,241 shares of the industrial products company’s stock worth $268,000 after purchasing an additional 406 shares during the last quarter. Man Group plc raised its holdings in shares of Apogee Enterprises by 7.1% in the 2nd quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock valued at $254,000 after purchasing an additional 418 shares during the period. Lazard Asset Management LLC lifted its stake in Apogee Enterprises by 11.5% in the 2nd quarter. Lazard Asset Management LLC now owns 5,212 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 537 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Apogee Enterprises by 79.5% in the 4th quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 556 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

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.