Apogee Enterprises (NASDAQ:APOG) Shares Up 7.9%

Apogee Enterprises, Inc. (NASDAQ:APOG) traded up 7.9% during mid-day trading on Tuesday . The company traded as high as $62.13 and last traded at $62.05. 167,513 shares were traded during mid-day trading, an increase of 32% from the average session volume of 126,574 shares. The stock had previously closed at $57.52.

Apogee Enterprises Price Performance

The company’s 50-day simple moving average is $57.54 and its 200 day simple moving average is $52.08. The company has a market capitalization of $1.35 billion, a P/E ratio of 13.60 and a beta of 1.10. The company has a quick ratio of 1.18, a current ratio of 1.47 and a debt-to-equity ratio of 0.13.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The firm had revenue of $361.80 million during the quarter, compared to analysts’ expectations of $337.84 million. During the same period in the prior year, the company posted $0.86 earnings per share. Apogee Enterprises’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Apogee Enterprises news, EVP Curtis John Dobler sold 3,797 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.46, for a total transaction of $229,566.62. Following the transaction, the executive vice president now owns 32,653 shares in the company, valued at $1,974,200.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Herbert K. Parker sold 15,728 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.35, for a total transaction of $949,184.80. Following the completion of the transaction, the director now owns 8,636 shares of the company’s stock, valued at approximately $521,182.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Curtis John Dobler sold 3,797 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $60.46, for a total value of $229,566.62. Following the sale, the executive vice president now owns 32,653 shares of the company’s stock, valued at approximately $1,974,200.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,525 shares of company stock worth $1,911,471. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of APOG. Allspring Global Investments Holdings LLC increased its position in Apogee Enterprises by 599.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 959 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of Apogee Enterprises by 7.9% in the 1st quarter. Los Angeles Capital Management LLC now owns 28,133 shares of the industrial products company’s stock worth $1,665,000 after acquiring an additional 2,055 shares during the period. Vanguard Group Inc. grew its holdings in shares of Apogee Enterprises by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock worth $165,429,000 after purchasing an additional 53,484 shares in the last quarter. 360 Financial Inc. acquired a new position in shares of Apogee Enterprises in the fourth quarter valued at $312,000. Finally, Allianz Asset Management GmbH lifted its position in Apogee Enterprises by 12.5% in the fourth quarter. Allianz Asset Management GmbH now owns 86,965 shares of the industrial products company’s stock worth $4,645,000 after purchasing an additional 9,680 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.