Handelsbanken Fonder AB Invests $211,000 in Apogee Enterprises, Inc. (NASDAQ:APOG)

Handelsbanken Fonder AB purchased a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,944 shares of the industrial products company’s stock, valued at approximately $211,000.

A number of other hedge funds have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in shares of Apogee Enterprises in the third quarter worth about $56,000. Mutual of America Capital Management LLC acquired a new position in Apogee Enterprises during the 4th quarter worth approximately $206,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Apogee Enterprises during the 3rd quarter worth approximately $231,000. Olympiad Research LP bought a new position in Apogee Enterprises in the 3rd quarter valued at approximately $234,000. Finally, Keybank National Association OH acquired a new stake in Apogee Enterprises in the third quarter valued at approximately $273,000. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Stock Down 0.1 %

Shares of NASDAQ:APOG opened at $63.54 on Friday. Apogee Enterprises, Inc. has a 52-week low of $36.62 and a 52-week high of $64.30. The company has a market capitalization of $1.41 billion, a PE ratio of 14.09 and a beta of 1.07. 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 company has a fifty day moving average of $58.44 and a 200-day moving average of $52.73.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $361.80 million during the quarter, compared to analysts’ expectations of $337.84 million. During the same quarter in the prior year, the firm earned $0.86 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Apogee Enterprises, Inc. will post 4.57 EPS for the current fiscal year.

Insider Buying and Selling

In other Apogee Enterprises news, insider Brent C. Jewell sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $61.79, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Apogee Enterprises news, Director Herbert K. Parker sold 15,728 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.35, for a total value of $949,184.80. Following the sale, the director now owns 8,636 shares in the company, valued at approximately $521,182.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brent C. Jewell sold 7,500 shares of the stock in a transaction dated Tuesday, April 30th. The shares were 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 directly owns 66 shares of the company’s stock, valued at approximately $4,078.14. The disclosure for this sale can be found here. Insiders have sold a total of 39,025 shares of company stock worth $2,374,896 in the last ninety days. Company insiders own 2.00% 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).