Apogee Enterprises, Inc. (NASDAQ:APOG) CEO Sells $673,844.90 in Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) CEO Ty R. Silberhorn sold 10,679 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $63.10, for a total value of $673,844.90. Following the completion of the sale, the chief executive officer now owns 110,806 shares in the company, valued at approximately $6,991,858.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Apogee Enterprises Stock Up 1.4 %

APOG stock opened at $65.83 on Thursday. Apogee Enterprises, Inc. has a 1-year low of $36.62 and a 1-year high of $65.98. The business’s 50 day simple moving average is $59.09 and its 200 day simple moving average is $53.38. The company has a current ratio of 1.47, a quick ratio of 1.18 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1.46 billion, a PE ratio of 14.60 and a beta of 1.07.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17. The firm had revenue of $361.80 million for the quarter, compared to the consensus estimate of $337.84 million. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 earnings per share. As a group, research analysts anticipate that Apogee Enterprises, Inc. will post 4.57 EPS for the current year.

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.52%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 22.17%.

Hedge Funds Weigh In On Apogee Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in Apogee Enterprises by 69.8% in the 4th quarter. Pacer Advisors Inc. now owns 537,470 shares of the industrial products company’s stock valued at $28,706,000 after purchasing an additional 220,898 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Apogee Enterprises in the fourth quarter valued at about $22,260,000. Assenagon Asset Management S.A. increased its position in Apogee Enterprises by 23.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 249,177 shares of the industrial products company’s stock worth $13,309,000 after acquiring an additional 47,099 shares during the period. Qube Research & Technologies Ltd raised its stake in Apogee Enterprises by 91.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 102,247 shares of the industrial products company’s stock worth $4,814,000 after purchasing an additional 48,892 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in Apogee Enterprises by 147.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 27,868 shares of the industrial products company’s stock valued at $1,312,000 after purchasing an additional 16,610 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

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).