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

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

Apogee Enterprises Price Performance

Shares of APOG 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. The firm has a market cap of $1.38 billion, a PE ratio of 12.76 and a beta of 1.00. The firm’s 50 day moving average price is $63.53 and its 200 day moving average price is $58.40. Apogee Enterprises has a twelve month low of $41.01 and a twelve month high of $67.92.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.28. Apogee Enterprises had a net margin of 7.72% and a return on equity of 24.74%. The business had revenue of $331.50 million for the quarter, compared to the consensus estimate of $333.22 million. During the same quarter last year, the firm earned $1.05 EPS. Apogee Enterprises’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, research analysts expect that Apogee Enterprises will post 4.86 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.61%. Apogee Enterprises’s dividend payout ratio is currently 20.53%.

Insider Activity

In other Apogee Enterprises news, Director Lloyd Emerson Johnson sold 24,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $63.13, for a total transaction of $1,515,120.00. Following the completion of the sale, the director now directly owns 260 shares in the company, valued at approximately $16,413.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Apogee Enterprises news, Director Lloyd Emerson Johnson sold 24,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 260 shares in the company, valued at approximately $16,413.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ty R. Silberhorn sold 10,679 shares of Apogee Enterprises stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $63.10, for a total transaction of $673,844.90. Following the sale, 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. Insiders sold 77,252 shares of company stock worth $4,786,214 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Apogee Enterprises

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in shares of Apogee Enterprises in the 4th quarter valued at approximately $31,000. Headlands Technologies LLC grew its holdings in Apogee Enterprises by 340.8% during the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 593 shares during the last quarter. EntryPoint Capital LLC raised its position in shares of Apogee Enterprises by 31.4% in the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 222 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Apogee Enterprises by 599.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 959 shares during the period. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of Apogee Enterprises in the fourth quarter worth $206,000. Institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

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

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).