Insider Selling: Apogee Enterprises, Inc. (NASDAQ:APOG) CEO Sells 10,679 Shares of Stock

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

Apogee Enterprises Trading Up 1.7 %

APOG traded up $1.11 during mid-day trading on Monday, reaching $64.65. The stock had a trading volume of 119,640 shares, compared to its average volume of 138,153. The stock has a market capitalization of $1.43 billion, a P/E ratio of 14.09 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.47. The firm’s fifty day simple moving average is $58.59 and its two-hundred day simple moving average is $52.98. Apogee Enterprises, Inc. has a 52 week low of $36.62 and a 52 week high of $65.13.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.14 EPS 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 firm had revenue of $361.80 million for the quarter, compared to analyst estimates of $337.84 million. During the same period last year, the company earned $0.86 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, 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. Stockholders of record on Tuesday, May 21st will be given a $0.25 dividend. The ex-dividend date is Monday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.55%. Apogee Enterprises’s dividend payout ratio is currently 22.17%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Apogee Enterprises by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock worth $165,429,000 after purchasing an additional 53,484 shares during the last quarter. Victory Capital Management Inc. raised its stake in Apogee Enterprises by 11.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,141,762 shares of the industrial products company’s stock worth $60,982,000 after buying an additional 120,882 shares during the period. Pacer Advisors Inc. raised its stake in Apogee Enterprises by 69.8% during the 4th quarter. Pacer Advisors Inc. now owns 537,470 shares of the industrial products company’s stock worth $28,706,000 after buying an additional 220,898 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Apogee Enterprises by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 379,235 shares of the industrial products company’s stock worth $20,255,000 after buying an additional 9,092 shares during the period. Finally, Invesco Ltd. raised its stake in Apogee Enterprises by 32.3% during the 3rd quarter. Invesco Ltd. now owns 294,513 shares of the industrial products company’s stock worth $13,866,000 after buying an additional 71,915 shares during the period. 94.05% of the stock is currently owned by institutional investors.

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).