Short Interest in Apogee Enterprises, Inc. (NASDAQ:APOG) Grows By 26.1%

Apogee Enterprises, Inc. (NASDAQ:APOG) was the target of a large increase in short interest during 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 daily volume of 286,226 shares, the short-interest ratio is presently 2.1 days. Currently, 2.9% of the company’s stock are short sold. Currently, 2.9% of the company’s stock are short sold. Based on an average daily volume of 286,226 shares, the short-interest ratio is presently 2.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Apogee Enterprises by 0.5% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 50,328 shares of the industrial products company’s stock valued at $2,043,000 after purchasing an additional 250 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Apogee Enterprises by 5.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,539 shares of the industrial products company’s stock valued at $225,000 after buying an additional 285 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Apogee Enterprises by 0.6% in the second quarter. Rhumbline Advisers now owns 63,399 shares of the industrial products company’s stock worth $2,574,000 after buying an additional 386 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Apogee Enterprises by 7.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,241 shares of the industrial products company’s stock worth $268,000 after acquiring an additional 406 shares during the last quarter. Finally, Man Group plc boosted its holdings in Apogee Enterprises by 7.1% during the 2nd quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock valued at $254,000 after acquiring an additional 418 shares during the period. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Up 0.0%

APOG opened at $41.44 on Monday. The stock has a market cap of $891.37 million, a price-to-earnings 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. The firm’s fifty day moving average is $38.24 and its 200 day moving average is $39.49. Apogee Enterprises has a fifty-two week low of $30.75 and a fifty-two week high of $49.99.

Apogee Enterprises (NASDAQ:APOG) last announced 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 company had revenue of $348.56 million for the quarter, compared to analysts’ expectations of $355.29 million. Apogee Enterprises had a net margin of 2.86% and a return on equity of 15.02%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.19 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. On average, sell-side analysts forecast that Apogee Enterprises will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

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

Analyst Upgrades and Downgrades

APOG has been the topic of several recent analyst reports. Weiss Ratings cut Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Stephens assumed coverage on shares of Apogee Enterprises in a report on Tuesday, December 16th. They set an “overweight” rating and a $95.00 price objective for the company. DA Davidson set a $46.00 target price on shares of Apogee Enterprises in a report on Friday, January 9th. Finally, Zacks Research downgraded shares of Apogee Enterprises from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $70.50.

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.