Insider Selling: Patricia Beithon Sells 22,000 Shares of Apogee Enterprises Stock (APOG)
Apogee Enterprises (NASDAQ:APOG) Insider Patricia Beithon sold 22,000 shares of the stock on the open market in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $35.03, for a total transaction of $770,660.00. Following the completion of the sale, the insider now directly owns 175,315 shares of the company’s stock, valued at approximately $6,141,284. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Apogee Enterprises (NASDAQ:APOG) last announced its earnings results 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 previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis.
APOG has been the subject of a number of recent research reports. 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 given a strong buy rating to the company’s stock. Apogee Enterprises currently has an average rating of “Hold” and a consensus target price of $34.00.
Apogee Enterprises, Inc (NASDAQ:APOG) is involved in the design and development of value-added glass products, services and systems.
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