Louisiana State Employees Retirement System Invests $588,000 in Apogee Enterprises, Inc. (NASDAQ:APOG)

Louisiana State Employees Retirement System purchased a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 11,000 shares of the industrial products company’s stock, valued at approximately $588,000.

Other large investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new stake in Apogee Enterprises in the 3rd quarter valued at about $56,000. Mutual of America Capital Management LLC acquired a new stake in shares of Apogee Enterprises during the fourth quarter worth approximately $206,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Apogee Enterprises during the third quarter worth approximately $231,000. Olympiad Research LP acquired a new stake in shares of Apogee Enterprises during the third quarter worth approximately $234,000. Finally, Keybank National Association OH acquired a new stake in shares of Apogee Enterprises during the third quarter worth approximately $273,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Stock Performance

APOG stock opened at $62.05 on Monday. 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 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 12 month low of $36.62 and a 12 month high of $62.99. The firm has a 50 day moving average of $57.81 and a two-hundred day moving average of $52.34.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. The business 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%. Apogee Enterprises’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 earnings per share. As a group, equities analysts anticipate that Apogee Enterprises, Inc. will post 4.57 EPS for the current fiscal year.

Insider Activity

In other news, Director Herbert K. Parker sold 15,728 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were 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 legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Herbert K. Parker sold 15,728 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.35, for a total value of $949,184.80. Following the transaction, the director now owns 8,636 shares of the company’s stock, valued at approximately $521,182.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy R. Johnson sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were 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 approximately $2,041,418.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,525 shares of company stock worth $1,911,471. 2.00% of the stock is currently owned by corporate insiders.

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.