Apogee Enterprises, Inc. (NASDAQ:APOG) Insider Sells $321,700.00 in Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) insider Brent C. Jewell sold 5,000 shares of Apogee Enterprises stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $64.34, for a total value of $321,700.00. Following the completion of the transaction, the insider now owns 23,405 shares in the company, valued at approximately $1,505,877.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Apogee Enterprises Stock Down 2.4 %

APOG stock opened at $62.12 on Friday. Apogee Enterprises, Inc. has a fifty-two week low of $41.01 and a fifty-two week high of $67.92. The business’s 50 day moving average price is $63.00 and its two-hundred day moving average price is $59.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.29 and a current ratio of 1.64. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 12.76 and a beta of 1.00.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.28. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. The firm had revenue of $331.50 million for the quarter, compared to the consensus estimate of $333.22 million. During the same quarter in the prior year, the business earned $1.05 EPS. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, analysts forecast that Apogee Enterprises, Inc. will post 4.86 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 10th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, July 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.61%. Apogee Enterprises’s dividend payout ratio (DPR) is 20.53%.

Institutional Trading of Apogee Enterprises

A number of hedge funds have recently made changes to their positions in APOG. American Century Companies Inc. boosted its position in shares of Apogee Enterprises by 79.2% in the 3rd 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 in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Apogee Enterprises by 475.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 7,583 shares of the industrial products company’s stock worth $405,000 after purchasing an additional 6,265 shares in the last quarter. Diversified Trust Co boosted its position in shares of Apogee Enterprises by 7.8% in the 4th quarter. Diversified Trust Co now owns 6,127 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 445 shares in the last quarter. Moody National Bank Trust Division boosted its position in shares of Apogee Enterprises by 22.7% in the 4th quarter. Moody National Bank Trust Division now owns 17,447 shares of the industrial products company’s stock worth $932,000 after purchasing an additional 3,232 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position 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 worth $28,706,000 after purchasing an additional 220,898 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APOG. DA Davidson boosted their price target on Apogee Enterprises from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, June 28th. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 10th.

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).