Insider Selling: Apogee Enterprises, Inc. (NASDAQ:APOG) Insider Sells 7,500 Shares of Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) insider Brent C. Jewell sold 7,500 shares of the 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 transaction, the insider now owns 66 shares in the company, valued at $4,078.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Apogee Enterprises Trading Down 0.1 %

Shares of APOG opened at $63.54 on Friday. The stock’s fifty day simple moving average is $58.44 and its 200-day simple moving average is $52.73. The firm has a market capitalization of $1.41 billion, a PE ratio of 14.09 and a beta of 1.07. Apogee Enterprises, Inc. has a 12-month low of $36.62 and a 12-month high of $64.30. 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 released its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The company had revenue of $361.80 million for the quarter, compared to the consensus estimate of $337.84 million. During the same period in the prior year, the company posted $0.86 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. As a group, research analysts predict that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current year.

Institutional Trading of Apogee Enterprises

A number of institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. acquired a new position in shares of Apogee Enterprises in the 3rd quarter valued at $48,063,000. Pacer Advisors Inc. increased its holdings in 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 last quarter. Assenagon Asset Management S.A. boosted its holdings in Apogee Enterprises by 695.2% during the third quarter. Assenagon Asset Management S.A. now owns 202,078 shares of the industrial products company’s stock worth $9,514,000 after buying an additional 176,667 shares during the last quarter. Norges Bank acquired a new position in shares of Apogee Enterprises during the 4th quarter worth about $7,893,000. Finally, American Century Companies Inc. increased its stake in shares of Apogee Enterprises by 79.2% in the 3rd quarter. American Century Companies Inc. now owns 198,272 shares of the industrial products company’s stock valued at $9,335,000 after acquiring an additional 87,650 shares during the last quarter. Institutional investors and hedge funds 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).