Insider Selling: Apogee Enterprises Director Sells 10,000 Shares of Stock (APOG)
Apogee Enterprises (NASDAQ:APOG) Director David Ernest Weiss sold 10,000 shares of Apogee Enterprises stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $37.02, for a total transaction of $370,200.00. Following the sale, the director now directly owns 31,829 shares of the company’s stock, valued at approximately $1,178,310. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Apogee Enterprises (NASDAQ:APOG) traded up 0.54% on Tuesday, hitting $37.07. 206,484 shares of the company’s stock traded hands. Apogee Enterprises has a one year low of $22.20 and a one year high of $37.66. The stock has a 50-day moving average of $35.64 and a 200-day moving average of $31.09. The company has a market cap of $1.069 billion and a price-to-earnings ratio of 44.31.
Apogee Enterprises (NASDAQ:APOG) last announced its earnings results 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 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. On average, analysts predict that Apogee Enterprises will post $0.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 21st. Shareholders of record on Thursday, February 6th will be given a dividend of 0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, February 4th. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.09.
A number of research firms have recently commented on APOG. 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 analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Apogee Enterprises has an average rating of “Hold” and an average 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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