Apogee Enterprises, Inc. (NASDAQ:APOG) Director Sells $1,029,578.24 in Stock
Apogee Enterprises, Inc. (NASDAQ:APOG) Director Jerome L. Davis sold 18,706 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $55.04, for a total value of $1,029,578.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Apogee Enterprises, Inc. (APOG) traded down 2.00% during mid-day trading on Tuesday, hitting $53.78. The stock had a trading volume of 237,042 shares. The stock has a 50-day moving average price of $54.64 and a 200 day moving average price of $55.61. The firm has a market cap of $1.55 billion, a P/E ratio of 18.42 and a beta of 1.58. Apogee Enterprises, Inc. has a 12-month low of $39.88 and a 12-month high of $61.00.
Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Thursday, June 22nd. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by $0.09. The business had revenue of $272.30 million for the quarter, compared to analysts’ expectations of $271.13 million. Apogee Enterprises had a return on equity of 18.59% and a net margin of 7.39%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company posted $0.61 earnings per share. Equities analysts anticipate that Apogee Enterprises, Inc. will post $3.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Monday, July 10th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, July 6th. Apogee Enterprises’s dividend payout ratio (DPR) is 19.24%.
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Several large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in Apogee Enterprises during the first quarter valued at about $146,000. State of Alaska Department of Revenue boosted its stake in Apogee Enterprises by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,180 shares of the industrial products company’s stock valued at $189,000 after buying an additional 60 shares during the period. Teza Capital Management LLC acquired a new stake in Apogee Enterprises during the first quarter valued at about $234,000. Intrust Bank NA boosted its stake in Apogee Enterprises by 8.5% in the first quarter. Intrust Bank NA now owns 4,282 shares of the industrial products company’s stock valued at $255,000 after buying an additional 336 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Apogee Enterprises by 5.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,490 shares of the industrial products company’s stock valued at $268,000 after buying an additional 241 shares during the period.
Several brokerages have recently issued reports on APOG. ValuEngine upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Apogee Enterprises from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a research report on Monday, June 19th. Finally, Sidoti started coverage on Apogee Enterprises in a research report on Thursday, May 25th. They set a “buy” rating and a $70.00 price target for the company. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.80.
Apogee Enterprises Company Profile
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
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