Apogee Enterprises, Inc. (NASDAQ:APOG) Short Interest Update

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 495,900 shares, an increase of 27.2% from the May 15th total of 390,000 shares. Currently, 2.4% of the company's stock are short sold. Based on an average daily volume of 202,200 shares, the days-to-cover ratio is presently 2.5 days.

Hedge Funds Weigh In On Apogee Enterprises

A number of hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in Apogee Enterprises by 1.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,170,654 shares of the industrial products company's stock worth $54,236,000 after acquiring an additional 14,687 shares during the last quarter. American Century Companies Inc. lifted its position in Apogee Enterprises by 9.9% during the first 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 raised its stake in Apogee Enterprises by 9.3% during 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 raised its stake in Apogee Enterprises by 5.6% during the 1st quarter. LSV Asset Management now owns 481,355 shares of the industrial products company's stock valued at $22,301,000 after buying an additional 25,326 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Apogee Enterprises by 1,074.3% during the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company's stock valued at $14,836,000 after buying an additional 292,952 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Up 1.5%

Shares of APOG traded up $0.56 during mid-day trading on Friday, reaching $38.14. The company had a trading volume of 528,726 shares, compared to its average volume of 196,598. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.23 and a current ratio of 1.55. The firm has a 50-day moving average price of $40.57 and a 200 day moving average price of $50.39. Apogee Enterprises has a 52 week low of $37.53 and a 52 week high of $87.93. The company has a market capitalization of $822.68 million, a price-to-earnings ratio of 9.83 and a beta of 0.97.

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

Apogee Enterprises Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.73%. Apogee Enterprises's payout ratio is currently 26.80%.

Analyst Ratings Changes

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

About Apogee Enterprises

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).