Apogee Enterprises, Inc. (NASDAQ:APOG) Short Interest Up 26.1% in January

Apogee Enterprises, Inc. (NASDAQ:APOG) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 612,018 shares, an increase of 26.1% from the January 15th total of 485,272 shares. Based on an average trading volume of 286,226 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.9% of the company’s shares are short sold. Approximately 2.9% of the company’s shares are short sold. Based on an average trading volume of 286,226 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Trading of Apogee Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in APOG. Hantz Financial Services Inc. raised its stake in shares of Apogee Enterprises by 477.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 699 shares of the industrial products company’s stock valued at $30,000 after buying an additional 578 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in Apogee Enterprises during the second quarter worth about $38,000. Raymond James Financial Inc. purchased a new position in Apogee Enterprises during the second quarter valued at approximately $38,000. PNC Financial Services Group Inc. lifted its holdings in Apogee Enterprises by 46.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 637 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Apogee Enterprises by 45.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,174 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 684 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on APOG. DA Davidson set a $46.00 price objective on shares of Apogee Enterprises in a research note on Friday, January 9th. Weiss Ratings lowered Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, January 21st. Zacks Research cut Apogee Enterprises from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Wall Street Zen raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Stephens began coverage on Apogee Enterprises in a research note on Tuesday, December 16th. They issued an “overweight” rating and a $95.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $70.50.

Apogee Enterprises Trading Up 0.0%

NASDAQ:APOG opened at $41.44 on Tuesday. The firm has a 50-day simple moving average of $38.31 and a 200-day simple moving average of $39.49. Apogee Enterprises has a one year low of $30.75 and a one year high of $49.99. The firm has a market cap of $891.37 million, a P/E ratio of 22.40 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 1.90.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). The business had revenue of $348.56 million for the quarter, compared to the consensus estimate of $355.29 million. Apogee Enterprises had a net margin of 2.86% and a return on equity of 15.02%. Apogee Enterprises’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.19 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. Equities analysts anticipate that Apogee Enterprises will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Tuesday, February 3rd will be paid a dividend of $0.27 per share. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, February 3rd. This represents a $1.08 annualized dividend and a dividend yield of 2.6%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 58.38%.

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.