Insider Selling: Robert J. Marzec Sells 6,373 Shares of Apogee Enterprises Stock (APOG)
Apogee Enterprises (NASDAQ:APOG) Director Robert J. Marzec sold 6,373 shares of the stock on the open market in a transaction dated Thursday, January 9th. The stock was sold at an average price of $34.75, for a total transaction of $221,461.75. Following the transaction, the director now directly owns 25,291 shares in the company, valued at approximately $878,862. 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 company’s stock. Apogee Enterprises has an average rating of “Hold” and an average target price of $34.00.
Apogee Enterprises (NASDAQ:APOG) traded down 1.02% during mid-day trading on Monday, hitting $34.94. The stock had a trading volume of 160,803 shares. Apogee Enterprises has a one year low of $22.20 and a one year high of $37.66. The stock’s 50-day moving average is $35.41 and its 200-day moving average is $30.40. The company has a market cap of $1.008 billion and a price-to-earnings ratio of 42.43.
Apogee Enterprises (NASDAQ:APOG) last released its earnings data on Thursday, December 19th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the 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 last year, the company posted $0.28 earnings per share. Apogee Enterprises’s revenue was up 4.7% compared to the same quarter last year. 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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