Lloyd Emerson Johnson Sells 24,000 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) Director Lloyd Emerson Johnson sold 24,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $63.13, for a total value of $1,515,120.00. Following the transaction, the director now owns 260 shares in the company, valued at $16,413.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Apogee Enterprises Price Performance

APOG opened at $64.92 on Wednesday. The stock’s 50-day moving average price is $58.92 and its 200 day moving average price is $53.29. Apogee Enterprises, Inc. has a 12-month low of $36.62 and a 12-month high of $65.23. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 14.39 and a beta of 1.07. The company has a current ratio of 1.47, a quick ratio of 1.18 and a debt-to-equity ratio of 0.13.

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 the consensus estimate of $0.97 by $0.17. The business had revenue of $361.80 million for the quarter, compared to analysts’ expectations of $337.84 million. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share. As a group, sell-side analysts expect that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.54%. Apogee Enterprises’s dividend payout ratio (DPR) is 22.17%.

Institutional Trading of Apogee Enterprises

Several hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. acquired a new position in Apogee Enterprises during the 3rd quarter worth $48,063,000. Pacer Advisors Inc. raised 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 acquiring an additional 220,898 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Apogee Enterprises by 695.2% in 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 acquiring an additional 176,667 shares during the last quarter. Norges Bank acquired a new position in Apogee Enterprises during the 4th quarter worth approximately $7,893,000. Finally, American Century Companies Inc. increased its position 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 purchasing an additional 87,650 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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).