Ty R. Silberhorn Sells 10,679 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) CEO Ty R. Silberhorn sold 10,679 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $63.10, for a total value of $673,844.90. Following the completion of the sale, the chief executive officer now directly owns 110,806 shares of the company’s stock, valued at $6,991,858.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $64.92 on Wednesday. The stock has a market cap of $1.44 billion, a P/E ratio of 14.39 and a beta of 1.07. Apogee Enterprises, Inc. has a twelve month low of $36.62 and a twelve month high of $65.23. The stock has a 50 day moving average of $58.92 and a two-hundred day moving average of $53.29. 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 results on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The firm had revenue of $361.80 million during the quarter, compared to the consensus estimate of $337.84 million. During the same quarter in the prior year, the firm earned $0.86 EPS. Apogee Enterprises’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts forecast that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, May 20th. Apogee Enterprises’s dividend payout ratio is currently 22.17%.

Institutional Trading of Apogee Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in APOG. Vanguard Group Inc. increased its holdings in shares of Apogee Enterprises by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock valued at $165,429,000 after purchasing an additional 53,484 shares during the period. Victory Capital Management Inc. increased its stake in Apogee Enterprises by 11.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,141,762 shares of the industrial products company’s stock valued at $60,982,000 after buying an additional 120,882 shares during the period. Pacer Advisors Inc. raised its position in Apogee Enterprises by 69.8% during the 4th quarter. Pacer Advisors Inc. now owns 537,470 shares of the industrial products company’s stock worth $28,706,000 after buying an additional 220,898 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Apogee Enterprises by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 379,235 shares of the industrial products company’s stock worth $20,255,000 after acquiring an additional 9,092 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Apogee Enterprises by 32.3% in the third quarter. Invesco Ltd. now owns 294,513 shares of the industrial products company’s stock valued at $13,866,000 after acquiring an additional 71,915 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

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).