Insider Selling: Apogee Enterprises, Inc. (NASDAQ:APOG) EVP Sells 3,797 Shares of Stock

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) EVP Curtis John Dobler sold 3,797 shares of the company's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.46, for a total transaction of $229,566.62. Following the completion of the sale, the executive vice president now directly owns 32,653 shares of the company's stock, valued at $1,974,200.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Apogee Enterprises Stock Down 1.5 %

Shares of APOG stock traded down $0.94 during mid-day trading on Thursday, hitting $61.32. 147,951 shares of the stock traded hands, compared to its average volume of 129,449. The stock has a market cap of $1.35 billion, a P/E ratio of 13.60 and a beta of 1.10. The stock's fifty day moving average is $57.54 and its two-hundred day moving average is $52.08. 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 current ratio of 1.47 and a quick ratio of 1.18.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $337.84 million. During the same period in the prior year, the firm posted $0.86 earnings per share. The company's quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts predict that Apogee Enterprises, Inc. will post 4.57 EPS for the current year.

Hedge Funds Weigh In On Apogee Enterprises

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Apogee Enterprises by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company's stock valued at $165,429,000 after acquiring an additional 53,484 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Apogee Enterprises by 11.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,141,762 shares of the industrial products company's stock valued at $60,982,000 after acquiring an additional 120,882 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Apogee Enterprises by 69.8% during 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. Charles Schwab Investment Management Inc. increased its holdings in shares of Apogee Enterprises by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 379,235 shares of the industrial products company's stock valued at $20,255,000 after acquiring an additional 9,092 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Apogee Enterprises by 32.3% during the third quarter. Invesco Ltd. now owns 294,513 shares of the industrial products company's stock valued at $13,866,000 after acquiring an additional 71,915 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

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.