Insider Selling: Apogee Enterprises, Inc. (NASDAQ:APOG) Director Sells 24,000 Shares of Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) Director Lloyd Emerson Johnson sold 24,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $63.13, for a total transaction of $1,515,120.00. Following the completion of the transaction, the director now owns 260 shares of the company’s stock, valued at $16,413.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Apogee Enterprises Stock Up 1.7 %

Shares of NASDAQ:APOG opened at $64.65 on Tuesday. The firm has a 50 day simple moving average of $58.75 and a 200 day simple moving average of $53.13. Apogee Enterprises, Inc. has a 52 week low of $36.62 and a 52 week high of $65.13. 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 company has a market cap of $1.43 billion, a PE ratio of 14.33 and a beta of 1.07.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (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 net margin of 7.03% and a return on equity of 23.84%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. As a group, research analysts expect that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

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 dividend of $0.25 per share. The ex-dividend date is Monday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.55%. Apogee Enterprises’s payout ratio is presently 22.17%.

Hedge Funds Weigh In On Apogee Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund Corp boosted its holdings in shares of Apogee Enterprises by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 19,329 shares of the industrial products company’s stock worth $1,144,000 after purchasing an additional 261 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Apogee Enterprises by 599.4% in 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. Principal Financial Group Inc. lifted its position in Apogee Enterprises by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 122,891 shares of the industrial products company’s stock worth $7,275,000 after buying an additional 2,522 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Apogee Enterprises by 7.9% during the 1st quarter. Los Angeles Capital Management LLC now owns 28,133 shares of the industrial products company’s stock valued at $1,665,000 after buying an additional 2,055 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Apogee Enterprises by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock valued at $165,429,000 after acquiring an additional 53,484 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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).