Apogee Enterprises, Inc. (NASDAQ:APOG) Director Sells $1,515,120.00 in Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) Director Lloyd Emerson Johnson sold 24,000 shares of Apogee Enterprises stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $63.13, for a total value of $1,515,120.00. Following the completion of the transaction, the director now directly owns 260 shares in the company, valued at $16,413.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $64.92 on Wednesday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 14.39 and a beta of 1.07. Apogee Enterprises, Inc. has a 1-year low of $36.62 and a 1-year high of $65.23. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.18. The business’s 50-day simple moving average is $58.92 and its 200-day simple moving average is $53.29.

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

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.54%. The ex-dividend date is Monday, May 20th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 22.17%.

Hedge Funds Weigh In On Apogee Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of APOG. Pacer Advisors Inc. boosted its stake 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 purchasing an additional 220,898 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Apogee Enterprises during the fourth quarter valued at about $22,260,000. Assenagon Asset Management S.A. increased its position in shares of Apogee Enterprises by 23.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 249,177 shares of the industrial products company’s stock worth $13,309,000 after acquiring an additional 47,099 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake 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 worth $4,814,000 after acquiring an additional 48,892 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in 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 purchasing an additional 16,610 shares during 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).