Apogee Enterprises, Inc. (NASDAQ:APOG) Short Interest Up 21.4% in March

Apogee Enterprises, Inc. (NASDAQ:APOG) was the recipient of a significant increase in short interest in 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. Approximately 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 145,586 shares, the short-interest ratio is presently 4.7 days.

Analyst Ratings Changes

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

Apogee Enterprises Price Performance

APOG opened at $32.44 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.45. The stock has a market capitalization of $697.78 million, a P/E ratio of 17.54 and a beta of 1.08. The company’s 50 day simple moving average is $37.52 and its 200-day simple moving average is $38.03. 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 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). Apogee Enterprises had a return on equity of 15.02% and a net margin of 2.86%.The company had revenue of $348.56 million during the quarter, compared to the consensus estimate of $355.29 million. During the same quarter last year, the firm earned $1.19 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. Sell-side analysts anticipate that Apogee Enterprises will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Tuesday, February 3rd were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, February 3rd. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.3%. Apogee Enterprises’s dividend payout ratio is presently 58.38%.

Hedge Funds Weigh In On Apogee Enterprises

Hedge funds have recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. increased its position in Apogee Enterprises by 70.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock worth $31,034,000 after purchasing an additional 351,923 shares during the period. Millennium Management LLC lifted its position 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 purchasing an additional 292,952 shares during the period. Federated Hermes Inc. lifted its position in Apogee Enterprises by 524.3% during the 4th quarter. Federated Hermes Inc. now owns 228,361 shares of the industrial products company’s stock valued at $8,315,000 after purchasing an additional 191,783 shares during the period. Vanguard Group Inc. boosted its stake in shares of Apogee Enterprises by 6.8% in the 4th quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock valued at $95,657,000 after purchasing an additional 166,402 shares during the last quarter. Finally, TrueMark Investments LLC bought a new position in shares of Apogee Enterprises in the 3rd quarter valued at about $6,335,000. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

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.