Troy R. Johnson Sells 12,000 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) insider Troy R. Johnson sold 12,000 shares of the firm’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 transaction of $732,720.00. Following the sale, the insider now owns 33,433 shares in the company, valued at approximately $2,041,418.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Apogee Enterprises Stock Performance

NASDAQ APOG traded down $0.86 on Thursday, reaching $61.40. 113,299 shares of the stock were exchanged, compared to its average volume of 128,740. Apogee Enterprises, Inc. has a one year low of $36.62 and a one year high of $62.99. The firm has a market capitalization of $1.36 billion, a PE ratio of 13.80 and a beta of 1.10. The company’s 50-day simple moving average is $57.38 and its two-hundred day simple moving average is $52.01. 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 released its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. The firm 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 company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. Analysts expect that Apogee Enterprises, Inc. will post 4.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Apogee Enterprises

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in Apogee Enterprises during the fourth quarter worth $22,260,000. Pacer Advisors Inc. lifted its stake 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 worth $28,706,000 after acquiring an additional 220,898 shares during the period. Assenagon Asset Management S.A. lifted its stake in Apogee Enterprises by 23.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 249,177 shares of the industrial products company’s stock worth $13,309,000 after acquiring an additional 47,099 shares during the period. Qube Research & Technologies Ltd lifted its stake in Apogee Enterprises by 91.6% in the third quarter. Qube Research & Technologies Ltd now owns 102,247 shares of the industrial products company’s stock worth $4,814,000 after acquiring an additional 48,892 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in Apogee Enterprises by 147.5% in the third quarter. Los Angeles Capital Management LLC now owns 27,868 shares of the industrial products company’s stock worth $1,312,000 after acquiring an additional 16,610 shares during the period. Institutional investors 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.