Apogee Enterprises, Inc. (NASDAQ:APOG) Director Lloyd Emerson Johnson Sells 24,000 Shares

Apogee Enterprises, Inc. (NASDAQ:APOG) Director Lloyd Emerson Johnson sold 24,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $63.13, for a total transaction of $1,515,120.00. Following the completion of the sale, the director now owns 260 shares in the company, valued at $16,413.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Apogee Enterprises Price Performance

Shares of NASDAQ:APOG opened at $64.65 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.47. The business’s fifty day moving average price is $58.75 and its two-hundred day moving average price is $53.13. The stock has a market cap of $1.43 billion, a PE ratio of 14.33 and a beta of 1.07. Apogee Enterprises, Inc. has a one year low of $36.62 and a one year high of $65.13.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The business had revenue of $361.80 million for the quarter, compared to analyst estimates of $337.84 million. During the same quarter last year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts forecast that Apogee Enterprises, Inc. will post 4.57 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.55%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 22.17%.

Hedge Funds Weigh In On Apogee Enterprises

Institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. purchased a new position in shares of Apogee Enterprises during the 3rd quarter worth $48,063,000. Pacer Advisors Inc. grew its holdings in 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 buying an additional 220,898 shares during the period. Assenagon Asset Management S.A. grew its holdings in 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 buying an additional 176,667 shares during the period. Norges Bank acquired a new position in shares of Apogee Enterprises during the 4th quarter valued at about $7,893,000. Finally, American Century Companies Inc. lifted its holdings in shares of Apogee Enterprises by 79.2% during the 3rd quarter. American Century Companies Inc. now owns 198,272 shares of the industrial products company’s stock worth $9,335,000 after acquiring an additional 87,650 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

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).