Apogee Enterprises, Inc. (NASDAQ:APOG) Director Lloyd Emerson Johnson Sells 24,000 Shares

Apogee Enterprises, Inc. (NASDAQ:APOG) Director Lloyd Emerson Johnson sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $63.13, for a total value of $1,515,120.00. Following the transaction, the director now directly owns 260 shares in the company, valued at approximately $16,413.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Apogee Enterprises Trading Up 1.7 %

Apogee Enterprises stock traded up $1.11 during mid-day trading on Monday, hitting $64.65. The company’s stock had a trading volume of 119,640 shares, compared to its average volume of 138,153. The company has a 50 day moving average of $58.59 and a 200-day moving average of $52.98. The stock has a market cap of $1.43 billion, a PE ratio of 14.09 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.47. Apogee Enterprises, Inc. has a one year low of $36.62 and a one year high of $65.13.

Apogee Enterprises (NASDAQ:APOG) last announced 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 company had revenue of $361.80 million for the quarter, compared to the consensus estimate of $337.84 million. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. Apogee Enterprises’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 EPS. On average, research analysts anticipate that Apogee Enterprises, Inc. will post 4.57 EPS for the current year.

Apogee Enterprises Announces Dividend

The firm 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, May 20th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 22.17%.

Hedge Funds Weigh In On Apogee Enterprises

Several hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of Apogee Enterprises during the 4th quarter worth $31,000. DekaBank Deutsche Girozentrale bought a new position in shares of Apogee Enterprises during the 3rd quarter worth $56,000. Allspring Global Investments Holdings LLC grew its position in shares of Apogee Enterprises by 599.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock worth $66,000 after buying an additional 959 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Apogee Enterprises during the 4th quarter worth $206,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Apogee Enterprises during the 4th quarter worth $211,000. Institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

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).