Apogee Enterprises, Inc. (NASDAQ:APOG) Insider Brent C. Jewell Sells 5,000 Shares

Insider Brent C. Jewell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $64.34, for a total value of $321,700.00. Following the sale, the insider now directly owns 23,405 shares of the company’s stock, valued at $1,505,877.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Apogee Enterprises stock performance

Shares of NASDAQ:APOG opened at $63.80 on Thursday. The stock has a market cap of $1.40 billion, a P/E ratio of 13.10 and a beta of 1.00. Apogee Enterprises, Inc. has a 1 year low of $41.01 and a 1 year high of $67.92. The company has a current ratio of 1.64, a quick ratio of 1.29, and a debt-to-equity ratio of 0.16. The company has a 50 day moving average price of $63.14 and a two hundred day moving average price of $58.97.

Apogee Enterprises (NASDAQ:APOG – Get Your Free Report ) last posted its earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.28. The company had revenue of $331.50 million during the quarter, compared to analyst estimates of $333.22 million. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 EPS. Equities analysts predict that Apogee Enterprises, Inc. will post 4.86 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Wednesday, July 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, July 10. This represents an annualized dividend of $1.00 and a dividend yield of 1.57%. Apogee Enterprises’s dividend payout ratio is currently 20.53%.

Hedge funds influence Apogee enterprises

Several institutional investors and hedge funds have recently modified their holdings of APOG. GAMMA Investing LLC acquired a new position in shares of Apogee Enterprises in the 4th quarter valued at approximately $31,000. Headlands Technologies LLC grew its position in shares of Apogee Enterprises by 340.8% in the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock valued at $45,000 after buying an additional 593 shares during the period. EntryPoint Capital LLC grew its position in shares of Apogee Enterprises by 31.4% in the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after buying an additional 222 shares during the period. CWM LLC raised its position in shares of Apogee Enterprises by 290.6% in the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock valued at $60,000 after buying an additional 712 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Apogee Enterprises by 599.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock worth $66,000 after buying an additional 959 shares during the period. 94.05% of shares are currently owned by institutional investors and hedge funds.

Analyst upgrades and downgrades

Several analysts have weighed in on APOG shares. DA Davidson boosted their price objective on Apogee Enterprises from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 10th.

Read our latest report on Apogee Enterprises

Apogee Enterprises Company Profile

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Apogee Enterprises, Inc provides architectural products and services for building enclosures 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 Optics (LSO).

Further reading

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