Apogee Enterprises (NASDAQ:APOG) Hits New 12-Month High at $65.23

Apogee Enterprises, Inc. (NASDAQ:APOG)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $65.23 and last traded at $64.92, with a volume of 87470 shares traded. The stock had previously closed at $64.65.

Apogee Enterprises Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.18. The firm has a market cap of $1.44 billion, a PE ratio of 14.33 and a beta of 1.07. The company’s 50 day moving average price is $58.75 and its 200 day moving average price is $53.13.

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

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, May 20th. Apogee Enterprises’s payout ratio is presently 22.17%.

Insider Transactions at Apogee Enterprises

In related news, CEO Ty R. Silberhorn sold 10,679 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $63.10, for a total value of $673,844.90. Following the sale, the chief executive officer now owns 110,806 shares of the company’s stock, valued at $6,991,858.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Lloyd Emerson Johnson sold 24,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $63.13, for a total transaction of $1,515,120.00. Following the completion of the transaction, the director now directly owns 260 shares of the company’s stock, valued at approximately $16,413.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ty R. Silberhorn sold 10,679 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $63.10, for a total value of $673,844.90. Following the transaction, the chief executive officer now directly owns 110,806 shares of the company’s stock, valued at $6,991,858.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,252 shares of company stock valued at $4,786,214. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in APOG. TD Asset Management Inc boosted its position in shares of Apogee Enterprises by 57.5% during the 3rd quarter. TD Asset Management Inc now owns 27,400 shares of the industrial products company’s stock worth $1,290,000 after acquiring an additional 10,000 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Apogee Enterprises by 8.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 133,469 shares of the industrial products company’s stock worth $6,284,000 after acquiring an additional 10,710 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Apogee Enterprises by 9.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 44,543 shares of the industrial products company’s stock worth $2,097,000 after acquiring an additional 3,957 shares in the last quarter. Olympiad Research LP purchased a new stake in shares of Apogee Enterprises in the 3rd quarter valued at about $234,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Apogee Enterprises in the 3rd quarter valued at about $48,063,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).