Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,160,000 shares, a decline of 12.8% from the March 15th total of 1,330,000 shares. Currently, 5.4% of the company's shares are sold short. Based on an average trading volume of 122,400 shares, the short-interest ratio is presently 9.5 days.
Hedge Funds Weigh In On Apogee Enterprises
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Apogee Enterprises by 3.8% during the second quarter. BlackRock Inc. now owns 4,077,346 shares of the industrial products company's stock worth $193,552,000 after purchasing an additional 149,438 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Apogee Enterprises by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company's stock worth $165,429,000 after purchasing an additional 53,484 shares in the last quarter. Victory Capital Management Inc. lifted its position in Apogee Enterprises by 11.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,141,762 shares of the industrial products company's stock valued at $60,982,000 after acquiring an additional 120,882 shares in the last quarter. State Street Corp lifted its position in Apogee Enterprises by 1.4% in the 1st quarter. State Street Corp now owns 1,137,822 shares of the industrial products company's stock valued at $49,211,000 after acquiring an additional 15,446 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Apogee Enterprises by 69.8% in the 4th quarter. Pacer Advisors Inc. now owns 537,470 shares of the industrial products company's stock valued at $28,706,000 after acquiring an additional 220,898 shares in the last quarter. 94.05% of the stock is owned by institutional investors.
Apogee Enterprises Trading Down 1.5 %
APOG traded down $0.85 during trading on Friday, reaching $56.99. 79,780 shares of the company's stock were exchanged, compared to its average volume of 119,097. The company's fifty day moving average price is $56.85 and its 200-day moving average price is $51.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 1.57. Apogee Enterprises has a fifty-two week low of $36.62 and a fifty-two week high of $60.40. The firm has a market capitalization of $1.26 billion, a PE ratio of 12.10 and a beta of 1.10.
About Apogee Enterprises
(
Get Free Report)
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.
Featured Stories
Before you consider Apogee Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apogee Enterprises wasn't on the list.
While Apogee Enterprises currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
