Wedge Capital Management L L P NC Grows Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Wedge Capital Management L L P NC lifted its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 23.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,099 shares of the industrial products company’s stock after buying an additional 1,941 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Apogee Enterprises were worth $539,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Handelsbanken Fonder AB purchased a new position in shares of Apogee Enterprises in the fourth quarter worth $211,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Apogee Enterprises by 58.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,473 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 2,382 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in Apogee Enterprises during the fourth quarter valued at $559,000. Louisiana State Employees Retirement System purchased a new stake in Apogee Enterprises during the fourth quarter valued at $588,000. Finally, Mutual of America Capital Management LLC purchased a new stake in Apogee Enterprises during the fourth quarter valued at $206,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Activity at Apogee Enterprises

In related news, insider Troy R. Johnson sold 12,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $61.06, for a total transaction of $732,720.00. Following the sale, the insider now owns 33,433 shares of the company’s stock, valued at $2,041,418.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Troy R. Johnson sold 12,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $61.06, for a total value of $732,720.00. Following the sale, the insider now owns 33,433 shares of the company’s stock, valued at $2,041,418.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Curtis John Dobler sold 3,797 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 32,653 shares in the company, valued at approximately $1,974,200.38. The disclosure for this sale can be found here. Insiders have sold a total of 31,525 shares of company stock valued at $1,911,471 over the last 90 days. 2.00% of the stock is owned by corporate insiders.

Apogee Enterprises Price Performance

Apogee Enterprises stock opened at $62.05 on Friday. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 13.76 and a beta of 1.10. The firm’s fifty day moving average is $57.81 and its 200 day moving average is $52.26. The company has a quick ratio of 1.18, a current ratio of 1.47 and a debt-to-equity ratio of 0.13. Apogee Enterprises, Inc. has a 52-week low of $36.62 and a 52-week high of $62.99.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. The company had revenue of $361.80 million for the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.86 earnings per share. Sell-side analysts forecast that Apogee Enterprises, Inc. will post 4.57 EPS for the current fiscal year.

Apogee Enterprises 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.