Insider Selling: Apogee Enterprises, Inc. (NASDAQ:APOG) Director Sells 15,728 Shares of Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) Director Herbert K. Parker sold 15,728 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.35, for a total value of $949,184.80. Following the completion of the sale, the director now owns 8,636 shares of the company’s stock, valued at approximately $521,182.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Apogee Enterprises Price Performance

APOG stock opened at $62.05 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.47. Apogee Enterprises, Inc. has a 1 year low of $36.62 and a 1 year high of $62.99. The firm has a market cap of $1.37 billion, a P/E ratio of 13.76 and a beta of 1.10. The stock has a 50-day simple moving average of $57.81 and a 200-day simple moving average of $52.26.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.14 earnings per share 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 during the quarter, compared to analyst estimates of $337.84 million. During the same quarter last year, the firm earned $0.86 EPS. Apogee Enterprises’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts predict that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Apogee Enterprises

A number of hedge funds have recently bought and sold shares of APOG. TD Asset Management Inc lifted its holdings in Apogee Enterprises by 57.5% during the 3rd quarter. TD Asset Management Inc now owns 27,400 shares of the industrial products company’s stock worth $1,290,000 after buying an additional 10,000 shares during the last quarter. Panagora Asset Management Inc. grew its position in shares of Apogee Enterprises by 8.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 133,469 shares of the industrial products company’s stock worth $6,284,000 after acquiring an additional 10,710 shares in the last quarter. Teacher Retirement System of Texas boosted its position in 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 purchasing an additional 3,957 shares during the period. Olympiad Research LP acquired a new position in Apogee Enterprises during the 3rd quarter valued at approximately $234,000. Finally, Victory Capital Management Inc. acquired a new position in Apogee Enterprises during the 3rd quarter valued at approximately $48,063,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

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.