Apogee Enterprises, Inc. (NASDAQ:APOG) Director Herbert K. Parker Sells 15,728 Shares of Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) Director Herbert K. Parker sold 15,728 shares of Apogee Enterprises stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $60.35, for a total transaction of $949,184.80. Following the transaction, the director now directly owns 8,636 shares of the company’s stock, valued at $521,182.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Apogee Enterprises Price Performance

NASDAQ:APOG opened at $61.32 on Friday. 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 firm has a market cap of $1.35 billion, a price-to-earnings ratio of 13.60 and a beta of 1.10. The company has a 50 day moving average price of $57.54 and a 200-day moving average price of $52.08. Apogee Enterprises, Inc. has a 1-year low of $36.62 and a 1-year high of $62.99.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.17. The firm had revenue of $361.80 million during 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Equities research analysts forecast that Apogee Enterprises, Inc. will post 4.57 EPS for the current year.

Hedge Funds Weigh In On Apogee Enterprises

Several institutional investors have recently made changes to their positions in APOG. GAMMA Investing LLC acquired a new stake in Apogee Enterprises in the 4th quarter valued at $31,000. DekaBank Deutsche Girozentrale acquired a new stake in Apogee Enterprises in the 3rd quarter valued at $56,000. Allspring Global Investments Holdings LLC grew its stake in Apogee Enterprises by 599.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 959 shares during the period. Mutual of America Capital Management LLC acquired a new stake in Apogee Enterprises in the 4th quarter valued at $206,000. Finally, Handelsbanken Fonder AB acquired a new stake in Apogee Enterprises in the 4th quarter valued at $211,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

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.