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

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

Apogee Enterprises Trading Up 1.7 %

APOG opened at $64.65 on Tuesday. 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’s 50 day moving average price is $58.75 and its 200-day moving average price is $53.13. Apogee Enterprises, Inc. has a one year low of $36.62 and a one year high of $65.13. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 14.33 and a beta of 1.07.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data 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. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The company had revenue of $361.80 million during the quarter, compared to analysts’ expectations of $337.84 million. During the same quarter in the previous year, the business earned $0.86 EPS. Apogee Enterprises’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts forecast that Apogee Enterprises, Inc. will post 4.57 EPS 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, May 20th. Apogee Enterprises’s dividend payout ratio is presently 22.17%.

Institutional Investors Weigh In On Apogee Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Apogee Enterprises during the first quarter worth approximately $747,000. Texas Permanent School Fund Corp grew its stake in Apogee Enterprises by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 19,329 shares of the industrial products company’s stock worth $1,144,000 after purchasing an additional 261 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Apogee Enterprises by 599.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 959 shares during the period. Principal Financial Group Inc. raised its position in Apogee Enterprises by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 122,891 shares of the industrial products company’s stock valued at $7,275,000 after purchasing an additional 2,522 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in Apogee Enterprises by 7.9% during the 1st quarter. Los Angeles Capital Management LLC now owns 28,133 shares of the industrial products company’s stock valued at $1,665,000 after purchasing an additional 2,055 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

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).