Apogee Enterprises, Inc. (NASDAQ:APOG) Short Interest Up 27.2% in May

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 495,900 shares, a growth of 27.2% from the May 15th total of 390,000 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average trading volume of 202,200 shares, the short-interest ratio is currently 2.5 days.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of Apogee Enterprises by 1.3% in the first quarter. Victory Capital Management Inc. now owns 1,170,654 shares of the industrial products company's stock worth $54,236,000 after purchasing an additional 14,687 shares during the period. American Century Companies Inc. boosted its stake in Apogee Enterprises by 9.9% during the 1st quarter. American Century Companies Inc. now owns 760,821 shares of the industrial products company's stock valued at $35,249,000 after purchasing an additional 68,682 shares during the period. Segall Bryant & Hamill LLC grew its holdings in Apogee Enterprises by 9.3% in the 1st quarter. Segall Bryant & Hamill LLC now owns 723,988 shares of the industrial products company's stock valued at $33,542,000 after buying an additional 61,430 shares during the last quarter. LSV Asset Management increased its position in Apogee Enterprises by 5.6% in the 1st quarter. LSV Asset Management now owns 481,355 shares of the industrial products company's stock worth $22,301,000 after buying an additional 25,326 shares during the period. Finally, Millennium Management LLC increased its position in Apogee Enterprises by 1,074.3% in the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company's stock worth $14,836,000 after buying an additional 292,952 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Price Performance

APOG stock traded up $0.56 during trading hours on Friday, hitting $38.14. 528,726 shares of the stock traded hands, compared to its average volume of 197,790. The stock has a 50-day simple moving average of $40.57 and a 200 day simple moving average of $50.62. The company has a market cap of $822.79 million, a P/E ratio of 9.83 and a beta of 0.97. Apogee Enterprises has a one year low of $37.53 and a one year high of $87.93. The company has a current ratio of 1.55, a quick ratio of 1.23 and a debt-to-equity ratio of 0.58.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). The firm had revenue of $345.69 million for the quarter, compared to analysts' expectations of $331.82 million. Apogee Enterprises had a net margin of 6.25% and a return on equity of 21.81%. Apogee Enterprises's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 earnings per share. Equities analysts forecast that Apogee Enterprises will post 4.97 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th were issued a $0.26 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $1.04 annualized dividend and a yield of 2.73%. Apogee Enterprises's dividend payout ratio (DPR) is presently 26.80%.

Apogee Enterprises Company Profile

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).