3,944 Shares in Apogee Enterprises, Inc. (NASDAQ:APOG) Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB purchased a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,944 shares of the industrial products company’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. purchased a new position in shares of Apogee Enterprises in the third quarter worth $48,063,000. Pacer Advisors Inc. increased its holdings in Apogee Enterprises by 69.8% in the 4th quarter. Pacer Advisors Inc. now owns 537,470 shares of the industrial products company’s stock valued at $28,706,000 after acquiring an additional 220,898 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Apogee Enterprises by 695.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 202,078 shares of the industrial products company’s stock worth $9,514,000 after purchasing an additional 176,667 shares in the last quarter. American Century Companies Inc. grew its position in shares of Apogee Enterprises by 79.2% during the third quarter. American Century Companies Inc. now owns 198,272 shares of the industrial products company’s stock valued at $9,335,000 after purchasing an additional 87,650 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Apogee Enterprises by 32.3% in the third quarter. Invesco Ltd. now owns 294,513 shares of the industrial products company’s stock worth $13,866,000 after purchasing an additional 71,915 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apogee Enterprises

In related news, insider Troy R. Johnson sold 12,000 shares of Apogee Enterprises 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 of the company’s stock, valued at approximately $2,041,418.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Troy R. Johnson sold 12,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 33,433 shares in the company, valued at approximately $2,041,418.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brent C. Jewell sold 7,500 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $61.79, for a total value of $463,425.00. Following the completion of the sale, the insider now owns 66 shares in the company, valued at approximately $4,078.14. The disclosure for this sale can be found here. Insiders have sold 39,025 shares of company stock worth $2,374,896 over the last quarter. Insiders own 2.00% of the company’s stock.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $63.54 on Friday. The stock has a market capitalization of $1.41 billion, a PE ratio of 14.09 and a beta of 1.07. Apogee Enterprises, Inc. has a 1-year low of $36.62 and a 1-year high of $64.30. The business has a 50 day simple moving average of $58.44 and a two-hundred day simple moving average of $52.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.18.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. The firm had revenue of $361.80 million during the quarter, compared to the consensus estimate of $337.84 million. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 EPS. On average, research analysts predict that Apogee Enterprises, Inc. will post 4.57 EPS for the current fiscal year.

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).