Insider Selling: Apogee Enterprises, Inc. (NASDAQ:APOG) EVP Sells 3,797 Shares of Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) EVP Curtis John Dobler sold 3,797 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $60.46, for a total transaction of $229,566.62. Following the sale, the executive vice president now directly owns 32,653 shares of the company’s stock, valued at $1,974,200.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Apogee Enterprises Price Performance

NASDAQ APOG opened at $62.05 on Friday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 13.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.47. The business’s fifty day moving average is $57.81 and its two-hundred day moving average is $52.30. Apogee Enterprises, Inc. has a 1 year low of $36.62 and a 1 year high of $62.99.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The company had revenue of $361.80 million for the quarter, compared to analyst estimates of $337.84 million. During the same period in the previous year, the firm earned $0.86 earnings per share. Apogee Enterprises’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, research analysts forecast that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current fiscal year.

Institutional Trading of Apogee Enterprises

A number of hedge funds have recently bought and sold shares of the company. SummerHaven Investment Management LLC raised its holdings in shares of Apogee Enterprises by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 15,235 shares of the industrial products company’s stock valued at $814,000 after acquiring an additional 211 shares during the period. Barclays PLC boosted its stake in Apogee Enterprises by 1.3% in the 3rd quarter. Barclays PLC now owns 30,070 shares of the industrial products company’s stock worth $1,416,000 after purchasing an additional 374 shares during the period. Panagora Asset Management Inc. grew its position in Apogee Enterprises by 0.3% during the 4th quarter. Panagora Asset Management Inc. now owns 133,870 shares of the industrial products company’s stock worth $7,150,000 after purchasing an additional 401 shares in the last quarter. Diversified Trust Co raised its stake in Apogee Enterprises by 7.8% during the 4th quarter. Diversified Trust Co now owns 6,127 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 445 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Apogee Enterprises by 3.1% in the fourth quarter. Franklin Resources Inc. now owns 17,334 shares of the industrial products company’s stock valued at $926,000 after purchasing an additional 523 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Company Profile

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.