Apogee Enterprises, Inc. (NASDAQ:APOG) Short Interest Down 7.3% in June

Apogee Enterprises, Inc. (NASDAQ:APOG) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 1,140,000 shares, a decline of 7.3% from the May 31st total of 1,230,000 shares. Based on an average daily trading volume, of 151,100 shares, the short-interest ratio is currently 7.5 days. Currently, 5.3% of the shares of the stock are sold short.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $62.14 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.29 and a current ratio of 1.64. Apogee Enterprises has a fifty-two week low of $41.01 and a fifty-two week high of $67.92. The stock has a fifty day moving average of $63.53 and a two-hundred day moving average of $58.40. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 12.76 and a beta of 1.00.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Thursday, June 27th. The industrial products company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.28. The firm had revenue of $331.50 million during the quarter, compared to analysts’ expectations of $333.22 million. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. On average, analysts anticipate that Apogee Enterprises will post 4.86 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Wednesday, July 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Wednesday, July 10th. Apogee Enterprises’s payout ratio is 20.53%.

Analysts Set New Price Targets

Separately, DA Davidson increased their price target on shares of Apogee Enterprises from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, June 28th.

Insider Buying and Selling

In other Apogee Enterprises news, Director Lloyd Emerson Johnson sold 24,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $63.13, for a total value of $1,515,120.00. Following the completion of the transaction, the director now directly owns 260 shares of the company’s stock, valued at $16,413.80. The sale was disclosed in a filing with the SEC, which is available at this link. In other Apogee Enterprises news, Director Lloyd Emerson Johnson sold 24,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $63.13, for a total value of $1,515,120.00. Following the sale, the director now owns 260 shares of the company’s stock, valued at $16,413.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ty R. Silberhorn sold 10,679 shares of Apogee Enterprises stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $63.10, for a total value of $673,844.90. Following the transaction, the chief executive officer now directly owns 110,806 shares of the company’s stock, valued at approximately $6,991,858.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,252 shares of company stock valued at $4,786,214. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Apogee Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of Apogee Enterprises during the fourth quarter worth $31,000. Headlands Technologies LLC boosted its stake in Apogee Enterprises by 340.8% in the 1st quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock worth $45,000 after buying an additional 593 shares during the last quarter. EntryPoint Capital LLC grew its holdings in Apogee Enterprises by 31.4% in the 1st quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after buying an additional 222 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Apogee Enterprises by 599.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 959 shares during the last quarter. Finally, Mutual of America Capital Management LLC purchased a new position in shares of Apogee Enterprises during the 4th quarter worth about $206,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

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).