Apogee Enterprises, Inc. (NASDAQ:APOG) Insider Sells $732,720.00 in Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) insider Troy R. Johnson sold 12,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $61.06, for a total value of $732,720.00. Following the completion of the transaction, the insider now directly owns 33,433 shares of the company’s stock, valued at $2,041,418.98. The sale was disclosed in a filing with the SEC, which is available through this link.

Apogee Enterprises Stock Performance

Shares of APOG stock opened at $62.05 on Friday. Apogee Enterprises, Inc. has a 12-month low of $36.62 and a 12-month high of $62.99. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.76 and a beta of 1.10. The business has a 50 day simple moving average of $57.81 and a 200 day simple moving average of $52.26. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.18.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly 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. The firm had revenue of $361.80 million during 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 firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS. On average, equities research analysts anticipate that Apogee Enterprises, Inc. will post 4.57 EPS for the current year.

Hedge Funds Weigh In On Apogee Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APOG. Victory Capital Management Inc. bought a new position in Apogee Enterprises during the 3rd quarter valued at $48,063,000. Pacer Advisors Inc. boosted 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 valued at $28,706,000 after purchasing an additional 220,898 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Apogee Enterprises by 695.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 202,078 shares of the industrial products company’s stock valued at $9,514,000 after purchasing an additional 176,667 shares in the last quarter. Norges Bank bought a new position in Apogee Enterprises during the 4th quarter valued at $7,893,000. Finally, American Century Companies Inc. boosted its stake in Apogee Enterprises by 79.2% during 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 purchasing an additional 87,650 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.