Insider Selling: Apogee Enterprises, Inc. (NASDAQ:APOG) Insider Sells 7,500 Shares of Stock

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) insider Brent C. Jewell sold 7,500 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 66 shares in the company, valued at $4,078.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Apogee Enterprises Stock Up 1.2 %

NASDAQ APOG traded up $0.75 during trading on Wednesday, hitting $62.53. The company's stock had a trading volume of 307,479 shares, compared to its average volume of 134,480. Apogee Enterprises, Inc. has a fifty-two week low of $36.62 and a fifty-two week high of $64.16. The company has a market cap of $1.38 billion, a PE ratio of 13.90 and a beta of 1.10. 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 business's 50 day simple moving average is $58.11 and its 200-day simple moving average is $52.58.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its earnings results on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.17. The company had revenue of $361.80 million during 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%. Apogee Enterprises's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business earned $0.86 EPS. On average, equities analysts anticipate that Apogee Enterprises, Inc. will post 4.57 EPS for the current fiscal year.

Institutional Trading of Apogee Enterprises

Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new stake in shares of Apogee Enterprises during the third quarter worth about $48,063,000. Pacer Advisors Inc. boosted its holdings in shares of Apogee Enterprises by 69.8% in the 4th 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 during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Apogee Enterprises by 695.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 202,078 shares of the industrial products company's stock valued at $9,514,000 after acquiring an additional 176,667 shares during the last quarter. Norges Bank acquired a new stake in shares of Apogee Enterprises in the fourth quarter worth $7,893,000. Finally, American Century Companies Inc. raised its holdings in shares of Apogee Enterprises by 79.2% during the third quarter. American Century Companies Inc. now owns 198,272 shares of the industrial products company's stock worth $9,335,000 after purchasing an additional 87,650 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

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).