Apogee Enterprises, Inc. (NASDAQ:APOG) Short Interest Update

Apogee Enterprises, Inc. (NASDAQ:APOG) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 1,160,000 shares, a decrease of 12.8% from the March 15th total of 1,330,000 shares. Currently, 5.4% of the company’s stock are sold short. Based on an average daily volume of 122,400 shares, the short-interest ratio is currently 9.5 days.

Hedge Funds Weigh In On Apogee Enterprises

A number of large investors have recently made changes to their positions in APOG. Bank of New York Mellon Corp increased its position in shares of Apogee Enterprises by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 364,212 shares of the industrial products company’s stock worth $17,285,000 after purchasing an additional 1,767 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Apogee Enterprises by 4.3% during the first quarter. Bank of Montreal Can now owns 20,030 shares of the industrial products company’s stock valued at $986,000 after buying an additional 833 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Apogee Enterprises by 58.3% during the first quarter. MetLife Investment Management LLC now owns 13,292 shares of the industrial products company’s stock valued at $631,000 after buying an additional 4,895 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Apogee Enterprises by 0.6% during the first quarter. Rhumbline Advisers now owns 70,989 shares of the industrial products company’s stock valued at $3,369,000 after buying an additional 404 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Apogee Enterprises by 11.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,436 shares of the industrial products company’s stock valued at $1,017,000 after buying an additional 2,288 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Stock Down 1.0 %

Shares of APOG stock traded down $0.55 during trading hours on Monday, reaching $56.44. 61,321 shares of the company’s stock were exchanged, compared to its average volume of 120,236. The stock’s 50 day moving average is $56.92 and its 200-day moving average is $51.49. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 11.98 and a beta of 1.10. The company has a current ratio of 1.57, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22. Apogee Enterprises has a fifty-two week low of $36.62 and a fifty-two week high of $60.40.

About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.