Insider Selling: Apogee Enterprises, Inc. (NASDAQ:APOG) CEO Sells $673,844.90 in Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) CEO Ty R. Silberhorn sold 10,679 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $63.10, for a total value of $673,844.90. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Apogee Enterprises Trading Up 1.4 %

NASDAQ:APOG opened at $65.83 on Thursday. The stock has a market cap of $1.46 billion, a PE ratio of 14.60 and a beta of 1.07. Apogee Enterprises, Inc. has a fifty-two week low of $36.62 and a fifty-two week high of $65.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.18. The stock’s 50-day moving average is $59.09 and its two-hundred day moving average is $53.38.

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

Apogee Enterprises Dividend Announcement

The company 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 yield of 1.52%. Apogee Enterprises’s payout ratio is 22.17%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. TD Asset Management Inc grew its stake 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 in the last quarter. Panagora Asset Management Inc. grew its position in Apogee Enterprises by 8.7% in the third quarter. Panagora Asset Management Inc. now owns 133,469 shares of the industrial products company’s stock worth $6,284,000 after acquiring an additional 10,710 shares in the last quarter. Teacher Retirement System of Texas grew its position in Apogee Enterprises by 9.7% in 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 acquiring an additional 3,957 shares in the last quarter. Olympiad Research LP acquired a new position in shares of Apogee Enterprises during the 3rd quarter worth $234,000. Finally, Victory Capital Management Inc. bought a new position in shares of Apogee Enterprises during the 3rd quarter valued at $48,063,000. Hedge funds and other 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).