Apogee Enterprises, Inc. (NASDAQ:APOG) Insider Sells $463,425.00 in Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) insider Brent C. Jewell sold 7,500 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were 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 $4,078.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Apogee Enterprises Trading Down 0.1 %

Shares of NASDAQ:APOG opened at $63.54 on Friday. 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’s 50-day moving average price is $58.44 and its 200 day moving average price is $52.73. The company has a market cap of $1.41 billion, a PE ratio of 14.09 and a beta of 1.07. Apogee Enterprises, Inc. has a fifty-two week low of $36.62 and a fifty-two week high of $64.30.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The company had revenue of $361.80 million for the quarter, compared to analysts’ expectations of $337.84 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC bought a new position in Apogee Enterprises in the 4th quarter valued at about $31,000. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 acquiring an additional 959 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Apogee Enterprises in the third quarter valued at approximately $56,000. Mutual of America Capital Management LLC acquired a new position in shares of Apogee Enterprises during the fourth quarter valued at approximately $206,000. Finally, Handelsbanken Fonder AB acquired a new position in shares of Apogee Enterprises during the fourth quarter valued at approximately $211,000. 94.05% of the stock is owned by institutional investors and hedge funds.

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).