Apogee Enterprises, Inc. (NASDAQ:APOG) Insider Sells $732,720.00 in Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) insider Troy R. Johnson sold 12,000 shares of Apogee Enterprises 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Apogee Enterprises Price Performance

Shares of NASDAQ:APOG opened at $61.32 on Friday. The stock has a market cap of $1.35 billion, a PE ratio of 13.60 and a beta of 1.10. The company’s fifty day moving average is $57.54 and its 200 day moving average is $52.08. Apogee Enterprises, Inc. has a 52 week low of $36.62 and a 52 week high of $62.99. The company has a quick ratio of 1.18, a current ratio of 1.47 and a debt-to-equity ratio of 0.13.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. The company had revenue of $361.80 million for 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%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 EPS. Research analysts anticipate that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current year.

Hedge Funds Weigh In On Apogee Enterprises

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Apogee Enterprises in the fourth quarter valued at about $22,260,000. Pacer Advisors Inc. increased its position in shares of Apogee Enterprises by 69.8% in the fourth 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 period. Assenagon Asset Management S.A. increased its position in shares of Apogee Enterprises by 23.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 249,177 shares of the industrial products company’s stock valued at $13,309,000 after acquiring an additional 47,099 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Apogee Enterprises by 91.6% in the third quarter. Qube Research & Technologies Ltd now owns 102,247 shares of the industrial products company’s stock valued at $4,814,000 after acquiring an additional 48,892 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in shares of Apogee Enterprises by 147.5% in the third quarter. Los Angeles Capital Management LLC now owns 27,868 shares of the industrial products company’s stock valued at $1,312,000 after acquiring an additional 16,610 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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.