Federated Hermes Inc. Sells 7,296 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Federated Hermes Inc. trimmed its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 11.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 54,396 shares of the industrial products company’s stock after selling 7,296 shares during the quarter. Federated Hermes Inc.’s holdings in Apogee Enterprises were worth $2,905,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Apogee Enterprises in the third quarter valued at about $56,000. Mutual of America Capital Management LLC bought a new stake in shares of Apogee Enterprises in the fourth quarter valued at about $206,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Apogee Enterprises in the third quarter valued at about $231,000. Olympiad Research LP acquired a new stake in shares of Apogee Enterprises in the third quarter valued at about $234,000. Finally, Keybank National Association OH acquired a new stake in shares of Apogee Enterprises in the third quarter valued at about $273,000. 94.05% of the stock is currently owned by institutional investors.

Insider Activity at Apogee Enterprises

In other Apogee Enterprises news, EVP Curtis John Dobler sold 3,797 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.46, for a total transaction of $229,566.62. Following the transaction, the executive vice president now owns 32,653 shares of the company’s stock, valued at $1,974,200.38. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 stock was sold at an average price of $61.06, for a total transaction of $732,720.00. Following the transaction, the insider now owns 33,433 shares of the company’s stock, valued at $2,041,418.98. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Curtis John Dobler sold 3,797 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.46, for a total value of $229,566.62. Following the transaction, the executive vice president now directly owns 32,653 shares in the company, valued at approximately $1,974,200.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,525 shares of company stock valued at $1,911,471. 2.00% of the stock is owned by insiders.

Apogee Enterprises Price Performance

NASDAQ:APOG opened at $62.05 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.47. The stock’s 50-day simple moving average is $57.81 and its 200 day simple moving average is $52.30. The company has a market cap of $1.37 billion, a P/E ratio of 13.76 and a beta of 1.10. Apogee Enterprises, Inc. has a 52-week low of $36.62 and a 52-week high of $62.99.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. The business 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 previous year, the business earned $0.86 earnings per share. As a group, sell-side analysts forecast that Apogee Enterprises, Inc. will post 4.57 EPS for the current fiscal year.

About Apogee Enterprises

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.