Apogee Enterprises, Inc. (NASDAQ:APOG) Insider Sells $732,720.00 in Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) insider Troy R. Johnson sold 12,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $61.06, for a total transaction of $732,720.00. Following the completion of the transaction, the insider now directly owns 33,433 shares in the company, valued at $2,041,418.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Apogee Enterprises Trading Up 1.2 %

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

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

Institutional Investors Weigh In On Apogee Enterprises

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in Apogee Enterprises during the fourth quarter valued at about $31,000. Allspring Global Investments Holdings LLC boosted its holdings in Apogee Enterprises by 599.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 959 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Apogee Enterprises during the third quarter valued at about $56,000. Mutual of America Capital Management LLC bought a new stake in Apogee Enterprises during the fourth quarter valued at about $206,000. Finally, Handelsbanken Fonder AB bought a new stake in Apogee Enterprises during the fourth quarter valued at about $211,000. 94.05% of the stock is currently owned by 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.