Insider Selling: Apogee Enterprises, Inc. (NASDAQ:APOG) Director Sells 15,728 Shares of Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) Director Herbert K. Parker sold 15,728 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.35, for a total value of $949,184.80. Following the sale, the director now owns 8,636 shares of the company’s stock, valued at approximately $521,182.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Apogee Enterprises Price Performance

Apogee Enterprises stock opened at $61.32 on Friday. Apogee Enterprises, Inc. has a 12 month low of $36.62 and a 12 month high of $62.99. 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 business has a 50 day simple moving average of $57.54 and a 200-day simple moving average of $52.08. The stock has a market capitalization of $1.35 billion, a PE ratio of 13.60 and a beta of 1.10.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly 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 return on equity of 23.84% and a net margin of 7.03%. The business had revenue of $361.80 million during the quarter, compared to analysts’ expectations of $337.84 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts predict that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in Apogee Enterprises in the fourth quarter worth $31,000. DekaBank Deutsche Girozentrale purchased a new position in Apogee Enterprises in the third quarter worth $56,000. Allspring Global Investments Holdings LLC raised its position in Apogee Enterprises by 599.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 959 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in Apogee Enterprises in the fourth quarter worth $206,000. Finally, Handelsbanken Fonder AB purchased a new position in Apogee Enterprises in the fourth quarter worth $211,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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.