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Apogee Enterprises Inc (NASDAQ:APOG) Short Interest Up 24.6% in July

Post Time:Aug 12,2019Classify:Company NewsView:978

Apogee Enterprises Inc (NASDAQ:APOG) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 920,200 shares, a growth of 24.6% from the June 15th total of 738,300 shares. Based on an average trading volume of 184,700 shares, the short-interest ratio is presently 5.0 days. Approximately 3.5% of the company’s stock are short sold.


Shares of NASDAQ:APOG opened at $38.19 on Monday. Apogee Enterprises has a 12 month low of $26.38 and a 12 month high of $50.84. The stock’s 50-day moving average is $40.98. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 1.27 and a beta of 1.66.


Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, June 27th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $355.40 million for the quarter, compared to analyst estimates of $324.39 million. Apogee Enterprises had a net margin of 3.22% and a return on equity of 16.04%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. As a group, analysts expect that Apogee Enterprises will post 3.04 EPS for the current year.

 

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Monday, July 15th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 23.65%.


Several large investors have recently made changes to their positions in the stock. Janney Capital Management LLC raised its position in shares of Apogee Enterprises by 2.9% in the 1st quarter. Janney Capital Management LLC now owns 9,091 shares of the industrial products company’s stock valued at $341,000 after acquiring an additional 252 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Apogee Enterprises by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 20,152 shares of the industrial products company’s stock valued at $602,000 after acquiring an additional 443 shares during the period. PNC Financial Services Group Inc. raised its holdings in Apogee Enterprises by 105.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 937 shares of the industrial products company’s stock worth $35,000 after buying an additional 481 shares during the period. Aperio Group LLC raised its holdings in Apogee Enterprises by 6.7% during the 2nd quarter. Aperio Group LLC now owns 11,466 shares of the industrial products company’s stock worth $498,000 after buying an additional 715 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in Apogee Enterprises by 1.8% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 47,797 shares of the industrial products company’s stock worth $1,427,000 after buying an additional 864 shares during the period. Institutional investors and hedge funds own 97.58% of the company’s stock.


Several analysts have commented on the stock. ValuEngine downgraded shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. BidaskClub downgraded shares of Apogee Enterprises from a “sell” rating to a “strong sell” rating in a report on Saturday. TheStreet upgraded shares of Apogee Enterprises from a “c” rating to a “b-” rating in a research note on Thursday, June 27th. Finally, Craig Hallum increased their target price on shares of Apogee Enterprises from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Apogee Enterprises presently has a consensus rating of “Hold” and an average price target of $43.33.


About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

Source: Author: shangyi

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