Apogee Enterprises, Inc. (NASDAQ:APOG) Insider Brent C. Jewell Sells 1,800 Shares

Apogee Enterprises, Inc. (NASDAQ:APOG) insider Brent C. Jewell sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, September 28th. The stock was sold at an average price of $39.96, for a total transaction of $71,928.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Apogee Enterprises stock traded down $0.98 during trading hours on Tuesday, hitting $38.72. 3,662 shares of the company were exchanged, compared to its average volume of 174,096. The business has a 50-day moving average of $40.66 and a 200-day moving average of $39.07. Apogee Enterprises, Inc. has a 1 year low of $20.20 and a 1 year high of $43.89. The stock has a market capitalization of $988.41 million, a price-to-earnings ratio of 360.91 and a beta of 1.13. The company has a current ratio of 1.72, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Monday, September 20th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The business had revenue of $325.80 million for the quarter, compared to analyst estimates of $315.39 million. Apogee Enterprises had a return on equity of 12.68% and a net margin of 0.28%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS. As a group, research analysts anticipate that Apogee Enterprises, Inc. will post 2.25 earnings per share for the current fiscal year.

Several research analysts recently issued reports on the stock. Craig Hallum raised their target price on shares of Apogee Enterprises from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, June 28th. Zacks Investment Research upgraded Apogee Enterprises from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Thursday, July 1st.

A number of institutional investors have recently bought and sold shares of APOG. Harvest Fund Management Co. Ltd bought a new stake in Apogee Enterprises during the first quarter worth approximately $29,000. FORA Capital LLC bought a new stake in shares of Apogee Enterprises during the 1st quarter worth $31,000. Captrust Financial Advisors grew its stake in Apogee Enterprises by 1,688.3% in the 1st quarter. Captrust Financial Advisors now owns 1,073 shares of the industrial products company’s stock valued at $44,000 after buying an additional 1,013 shares during the last quarter. Advisory Services Network LLC bought a new position in Apogee Enterprises in the 2nd quarter worth $50,000. Finally, Advisor Group Holdings Inc. lifted its position in Apogee Enterprises by 14.2% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,729 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 89.93% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc engages in the design and development of architectural products and services. It also provides architectural glass, aluminum framing systems and installation services for buildings, as well as value-added glazing products for custom picture framing. The company operates through the following segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies.

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