Ty R. Silberhorn Sells 10,679 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) CEO Ty R. Silberhorn sold 10,679 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $63.10, for a total transaction of $673,844.90. Following the completion of the sale, the chief executive officer now directly owns 110,806 shares of the company’s stock, valued at $6,991,858.60. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $64.92 on Wednesday. The company has a market capitalization of $1.44 billion, a PE ratio of 14.39 and a beta of 1.07. 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 stock’s 50 day moving average price is $58.92 and its 200-day moving average price is $53.29. Apogee Enterprises, Inc. has a twelve month low of $36.62 and a twelve month high of $65.23.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.17. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The business 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 firm earned $0.86 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that Apogee Enterprises, Inc. will post 4.57 EPS for the current year.

Apogee Enterprises Announces Dividend

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. The ex-dividend date is Monday, May 20th. This represents a $1.00 annualized dividend and a yield of 1.54%. Apogee Enterprises’s payout ratio is currently 22.17%.

Institutional Trading of Apogee Enterprises

Several hedge funds have recently added to or reduced their stakes in the stock. TD Asset Management Inc raised its holdings in shares of Apogee Enterprises by 57.5% in the 3rd quarter. TD Asset Management Inc now owns 27,400 shares of the industrial products company’s stock worth $1,290,000 after purchasing an additional 10,000 shares during the period. Panagora Asset Management Inc. raised its stake in shares of Apogee Enterprises by 8.7% in the third quarter. Panagora Asset Management Inc. now owns 133,469 shares of the industrial products company’s stock valued at $6,284,000 after buying an additional 10,710 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Apogee Enterprises by 9.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 44,543 shares of the industrial products company’s stock valued at $2,097,000 after buying an additional 3,957 shares during the last quarter. Olympiad Research LP bought a new position in shares of Apogee Enterprises during the 3rd quarter worth $234,000. Finally, Victory Capital Management Inc. purchased a new stake in Apogee Enterprises in the 3rd quarter worth about $48,063,000. Institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

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).