Apogee Enterprises (NASDAQ:APOG) Reaches New 1-Year High at $63.77

Shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $63.77 and last traded at $63.77, with a volume of 84389 shares traded. The stock had previously closed at $61.78.

Apogee Enterprises Price Performance

The stock's 50 day moving average is $58.11 and its two-hundred day moving average is $52.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.18. The stock has a market capitalization of $1.38 billion, a PE ratio of 13.90 and a beta of 1.10.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. As a group, sell-side analysts forecast that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current fiscal year.

Insider Activity at Apogee Enterprises

In related news, insider Troy R. Johnson sold 12,000 shares of the company's 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 Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Brent C. Jewell sold 7,500 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $61.79, for a total value of $463,425.00. Following the completion of the sale, the insider now directly owns 66 shares of the company's stock, valued at $4,078.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Troy R. Johnson sold 12,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $61.06, for a total value of $732,720.00. Following the completion of the sale, the insider now directly owns 33,433 shares of the company's stock, valued at $2,041,418.98. The disclosure for this sale can be found here. Insiders sold 39,025 shares of company stock valued at $2,374,896 over the last three months. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Apogee Enterprises

Several large investors have recently modified their holdings of APOG. TD Asset Management Inc boosted its holdings in shares of Apogee Enterprises by 57.5% in the third quarter. TD Asset Management Inc now owns 27,400 shares of the industrial products company's stock valued at $1,290,000 after acquiring an additional 10,000 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Apogee Enterprises by 8.7% in the third quarter. Panagora Asset Management Inc. now owns 133,469 shares of the industrial products company's stock valued at $6,284,000 after acquiring an additional 10,710 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Apogee Enterprises by 9.7% in the third quarter. Teacher Retirement System of Texas now owns 44,543 shares of the industrial products company's stock valued at $2,097,000 after acquiring an additional 3,957 shares during the period. Olympiad Research LP purchased a new stake in shares of Apogee Enterprises during the third quarter worth approximately $234,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Apogee Enterprises during the third quarter worth approximately $48,063,000. 94.05% of the stock is owned by institutional investors and hedge funds.

About Apogee Enterprises

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).