Apogee Enterprises, Inc. (NASDAQ:APOG) EVP Sells $222,353.16 in Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) EVP Curtis John Dobler sold 3,548 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $62.67, for a total transaction of $222,353.16. Following the completion of the sale, the executive vice president now directly owns 30,369 shares of the company’s stock, valued at approximately $1,903,225.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Curtis John Dobler also recently made the following trade(s):

• On Tuesday, April 23rd, Curtis John Dobler sold 3,797 shares of Apogee Enterprises stock. The stock was sold at an average price of $60.46, for a total value of $229,566.62.

Apogee Enterprises Price Performance

NASDAQ:APOG opened at $65.83 on Thursday. The company has a market capitalization of $1.46 billion, a P/E ratio of 14.60 and a beta of 1.07. The company has a quick ratio of 1.18, a current ratio of 1.47 and a debt-to-equity ratio of 0.13. Apogee Enterprises, Inc. has a 52 week low of $36.62 and a 52 week high of $65.98. The stock’s fifty day moving average is $59.09 and its two-hundred day moving average is $53.38.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. The firm had revenue of $361.80 million for the quarter, compared to analyst estimates of $337.84 million. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. Apogee Enterprises’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Equities analysts expect that Apogee Enterprises, Inc. will post 4.57 EPS for the current year.

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.52%. Apogee Enterprises’s payout ratio is currently 22.17%.

Institutional Trading of Apogee Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APOG. TD Asset Management Inc raised its holdings in shares of Apogee Enterprises by 57.5% in the 3rd quarter. TD Asset Management Inc now owns 27,400 shares of the industrial products company’s stock valued at $1,290,000 after buying an additional 10,000 shares during the period. Panagora Asset Management Inc. increased its stake in Apogee Enterprises by 8.7% during the third quarter. Panagora Asset Management Inc. now owns 133,469 shares of the industrial products company’s stock worth $6,284,000 after purchasing an additional 10,710 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Apogee Enterprises by 9.7% during the third quarter. Teacher Retirement System of Texas now owns 44,543 shares of the industrial products company’s stock worth $2,097,000 after purchasing an additional 3,957 shares in the last quarter. Olympiad Research LP purchased a new position in shares of Apogee Enterprises in the third quarter valued at approximately $234,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Apogee Enterprises in the third quarter valued at approximately $48,063,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

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).