Curtis John Dobler Sells 3,797 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) EVP Curtis John Dobler sold 3,797 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.46, for a total transaction of $229,566.62. Following the completion of the transaction, the executive vice president now directly owns 32,653 shares in the company, valued at approximately $1,974,200.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $62.05 on Friday. Apogee Enterprises, Inc. has a fifty-two week low of $36.62 and a fifty-two week high of $62.99. The firm’s 50-day simple moving average is $57.81 and its 200 day simple moving average is $52.26. 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 stock has a market cap of $1.37 billion, a price-to-earnings ratio of 13.76 and a beta of 1.10.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly 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 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%. Apogee Enterprises’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS. As a group, research analysts anticipate that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. purchased a new position in shares of Apogee Enterprises during the 3rd quarter valued at $48,063,000. 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 purchasing an additional 220,898 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Apogee Enterprises by 695.2% during 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 purchasing an additional 176,667 shares during the period. Norges Bank bought a new position in Apogee Enterprises in the 4th quarter worth $7,893,000. Finally, American Century Companies Inc. raised its holdings in 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. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Company Profile

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.