GAMMA Investing LLC Makes New Investment in Apogee Enterprises, Inc. (NASDAQ:APOG)

GAMMA Investing LLC purchased a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 584 shares of the industrial products company’s stock, valued at approximately $31,000.

A number of other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in Apogee Enterprises during the third quarter valued at $56,000. Mutual of America Capital Management LLC bought a new stake in shares of Apogee Enterprises during the 4th quarter valued at about $206,000. Handelsbanken Fonder AB bought a new stake in shares of Apogee Enterprises during the 4th quarter valued at about $211,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Apogee Enterprises during the third quarter worth approximately $231,000. Finally, Olympiad Research LP bought a new stake in Apogee Enterprises in the third quarter worth approximately $234,000. 94.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Apogee Enterprises news, insider Brent C. Jewell sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $61.79, for a total value of $463,425.00. Following the completion of the sale, the insider now owns 66 shares of the company’s stock, valued at $4,078.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Troy R. Johnson sold 12,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $2,041,418.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brent C. Jewell sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $61.79, for a total transaction of $463,425.00. Following the completion of the transaction, the insider now directly owns 66 shares in the company, valued at approximately $4,078.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,025 shares of company stock valued at $2,374,896. 2.00% of the stock is owned by company insiders.

Apogee Enterprises Price Performance

Shares of APOG opened at $63.54 on Monday. The firm has a market cap of $1.41 billion, a PE ratio of 14.09 and a beta of 1.07. Apogee Enterprises, Inc. has a 52-week low of $36.62 and a 52-week high of $64.30. The business’s 50 day moving average price is $58.59 and its two-hundred day moving average price is $52.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.47.

Apogee Enterprises (NASDAQ:APOG) last released its 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. On average, equities analysts anticipate that Apogee Enterprises, Inc. will post 4.57 EPS for the current year.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Monday, May 20th. Apogee Enterprises’s payout ratio is 22.17%.

Apogee Enterprises 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).