Brent C. Jewell Sells 7,500 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) insider Brent C. Jewell sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $61.79, for a total transaction of $463,425.00. Following the completion of the transaction, the insider now owns 66 shares in the company, valued at approximately $4,078.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Apogee Enterprises Stock Up 1.2 %

Shares of NASDAQ APOG opened at $62.53 on Thursday. The company has a market capitalization of $1.38 billion, a P/E ratio of 13.86 and a beta of 1.10. Apogee Enterprises, Inc. has a 52-week low of $36.62 and a 52-week high of $64.16. 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 company’s 50 day moving average price is $58.11 and its 200-day moving average price is $52.58.

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, topping analysts’ consensus estimates of $0.97 by $0.17. The firm had revenue of $361.80 million for the quarter, compared to the consensus estimate of $337.84 million. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 EPS. Equities analysts forecast that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of APOG. GAMMA Investing LLC bought a new stake in shares of Apogee Enterprises in the 4th quarter valued at $31,000. Allspring Global Investments Holdings LLC increased its stake in shares of Apogee Enterprises by 599.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 959 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Apogee Enterprises in the 3rd quarter valued at $56,000. Mutual of America Capital Management LLC bought a new stake in shares of Apogee Enterprises in the 4th quarter valued at $206,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Apogee Enterprises in the 4th quarter valued at $211,000. 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).