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 firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $61.06, for a total transaction of $732,720.00. Following the transaction, the insider now directly owns 33,433 shares of the company’s stock, valued at approximately $2,041,418.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Apogee Enterprises Price Performance

APOG stock opened at $62.05 on Friday. The company has a market capitalization of $1.37 billion, a P/E ratio of 13.76 and a beta of 1.10. The company has a fifty day moving average price of $57.81 and a 200-day moving average price of $52.30. Apogee Enterprises, Inc. has a 52-week low of $36.62 and a 52-week high of $62.99. 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 (NASDAQ:APOG) last released its quarterly earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.17. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The business had revenue of $361.80 million for the quarter, compared to analysts’ expectations of $337.84 million. During the same period in the previous year, the company earned $0.86 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts expect that Apogee Enterprises, Inc. will post 4.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in Apogee Enterprises during the fourth quarter worth about $31,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Apogee Enterprises in the third quarter valued at approximately $56,000. Allspring Global Investments Holdings LLC raised its position in shares of Apogee Enterprises by 599.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 959 shares during the period. Mutual of America Capital Management LLC bought a new stake in shares of Apogee Enterprises in the fourth quarter valued at approximately $206,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Apogee Enterprises in the fourth quarter valued at approximately $211,000. 94.05% of the stock is currently owned by hedge funds and other 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.