Summit Global Investments Sells 4,562 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Summit Global Investments trimmed its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 30.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,591 shares of the industrial products company’s stock after selling 4,562 shares during the period. Summit Global Investments’ holdings in Apogee Enterprises were worth $566,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of Apogee Enterprises during the 4th quarter worth approximately $31,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Apogee Enterprises in the 3rd quarter valued at $56,000. Mutual of America Capital Management LLC bought a new position in shares of Apogee Enterprises in the 4th quarter valued at $206,000. Handelsbanken Fonder AB acquired a new position in shares of Apogee Enterprises during the 4th quarter worth $211,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Apogee Enterprises during the 3rd quarter worth $231,000. 94.05% of the stock is owned by institutional investors.

Insider Transactions at Apogee Enterprises

In other Apogee Enterprises news, insider Troy R. Johnson sold 12,000 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $61.06, for a total value 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 through the SEC website. In other Apogee Enterprises news, insider Troy R. Johnson sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $61.06, for a total transaction of $732,720.00. Following the sale, the insider now directly owns 33,433 shares of the company’s stock, valued at approximately $2,041,418.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brent C. Jewell sold 7,500 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $61.79, for a total transaction of $463,425.00. Following the transaction, the insider now directly owns 66 shares of the company’s stock, valued at approximately $4,078.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,025 shares of company stock worth $2,374,896. Corporate insiders own 2.00% of the company’s stock.

Apogee Enterprises Stock Performance

NASDAQ:APOG opened at $63.54 on Friday. Apogee Enterprises, Inc. has a twelve month low of $36.62 and a twelve month high of $64.30. The company has a quick ratio of 1.18, a current ratio of 1.47 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $58.59 and its 200 day simple moving average is $52.91. The firm has a market capitalization of $1.41 billion, a PE ratio of 14.09 and a beta of 1.07.

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 analysts’ consensus estimates of $0.97 by $0.17. The firm had revenue of $361.80 million during the quarter, compared to analysts’ expectations of $337.84 million. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. On average, analysts anticipate that Apogee Enterprises, Inc. will post 4.57 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.57%. Apogee Enterprises’s payout ratio is presently 22.17%.

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).