Apogee Enterprises, Inc. (NASDAQ:APOG) Short Interest Down 20.4% in March

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 534,700 shares, a decline of 20.4% from the March 15th total of 672,000 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average daily volume of 278,000 shares, the short-interest ratio is presently 1.9 days.

Apogee Enterprises Trading Down 2.3 %

NASDAQ:APOG traded down $0.93 on Friday, reaching $39.16. The company's stock had a trading volume of 89,101 shares, compared to its average volume of 191,468. Apogee Enterprises has a 12-month low of $38.88 and a 12-month high of $87.93. The stock has a 50 day moving average price of $46.75 and a 200 day moving average price of $62.15. The firm has a market cap of $859.57 million, a price-to-earnings ratio of 8.72 and a beta of 0.85. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The company had revenue of $345.69 million during the quarter, compared to analysts' expectations of $331.82 million. On average, equities analysts anticipate that Apogee Enterprises will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.04 annualized dividend and a yield of 2.66%. Apogee Enterprises's dividend payout ratio (DPR) is 23.21%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on APOG shares. DA Davidson reduced their price target on shares of Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Singular Research raised Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th. StockNews.com lowered Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 9th. Finally, Sidoti raised Apogee Enterprises from a "neutral" rating to a "buy" rating in a research note on Friday, January 10th.

Institutional Investors Weigh In On Apogee Enterprises

A number of hedge funds have recently bought and sold shares of the stock. Endeavor Private Wealth Inc. purchased a new stake in shares of Apogee Enterprises in the 4th quarter valued at approximately $32,000. New Age Alpha Advisors LLC acquired a new stake in shares of Apogee Enterprises during the 4th quarter worth about $40,000. Public Employees Retirement System of Ohio purchased a new stake in Apogee Enterprises during the fourth quarter worth approximately $42,000. Meeder Asset Management Inc. acquired a new position in Apogee Enterprises in the fourth quarter valued at approximately $57,000. Finally, KBC Group NV increased its stake in Apogee Enterprises by 46.7% in the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock valued at $92,000 after purchasing an additional 408 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

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).