Insider Selling: James Porter Unloads 5,689 Shares of Apogee Enterprises Stock (APOG)
Apogee Enterprises (NASDAQ:APOG) CFO James Porter sold 5,689 shares of the stock on the open market in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $35.50, for a total value of $201,959.50. Following the completion of the sale, the chief financial officer now directly owns 116,188 shares of the company’s stock, valued at approximately $4,124,674. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on APOG shares. Analysts at Zacks reiterated a “neutral” rating on shares of Apogee Enterprises in a research note to investors on Friday, December 20th. They now have a $38.00 price target on the stock. Separately, analysts at Northland Capital Partners downgraded shares of Apogee Enterprises from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, December 20th. They now have a $33.00 price target on the stock. Finally, analysts at Northland Securities downgraded shares of Apogee Enterprises from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, December 20th. They now have a $33.00 price target on the stock. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.00.
Shares of Apogee Enterprises (NASDAQ:APOG) traded down 3.56% on Thursday, hitting $34.63. The stock had a trading volume of 154,569 shares. Apogee Enterprises has a 52 week low of $22.20 and a 52 week high of $37.66. The stock has a 50-day moving average of $35.04 and a 200-day moving average of $29.97. The company has a market cap of $986.4 million and a P/E ratio of 43.16.
Apogee Enterprises (NASDAQ:APOG) last released its earnings data on Thursday, December 19th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.02. The company had revenue of $199.40 million for the quarter, compared to the consensus estimate of $202.59 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts predict that Apogee Enterprises will post $0.98 earnings per share for the current fiscal year.
Apogee Enterprises, Inc (NASDAQ:APOG) is involved in the design and development of value-added glass products, services and systems.
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