Apogee Enterprises (NASDAQ:APOG) Stock Price Up 7.9%

Apogee Enterprises, Inc. (NASDAQ:APOG) traded up 7.9% during trading on Tuesday . The stock traded as high as $62.13 and last traded at $62.05. 167,513 shares traded hands 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 Stock Down 1.5 %

The stock has a fifty day simple moving average of $57.54 and a two-hundred day simple moving average of $52.08. The firm has a market cap of $1.35 billion, a PE ratio of 13.60 and a beta of 1.10. The company has a current ratio of 1.47, a quick ratio of 1.18 and a debt-to-equity ratio of 0.13.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share 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 business had revenue of $361.80 million for the quarter, compared to analyst estimates of $337.84 million. During the same quarter in the prior year, the firm posted $0.86 EPS. Apogee Enterprises’s revenue 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 EPS for the current fiscal year.

Insider Activity at Apogee Enterprises

In other news, Director Herbert K. Parker sold 15,728 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.35, for a total value of $949,184.80. Following the completion of the transaction, the director now directly owns 8,636 shares in the company, valued at approximately $521,182.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Herbert K. Parker sold 15,728 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.35, for a total transaction of $949,184.80. Following the completion of the sale, the director now directly owns 8,636 shares in the company, valued at $521,182.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Curtis John Dobler sold 3,797 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $60.46, for a total value of $229,566.62. Following the completion of the sale, the executive vice president now directly 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. Over the last quarter, insiders sold 31,525 shares of company stock valued at $1,911,471. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Apogee Enterprises

Several institutional investors and hedge funds have recently modified their holdings of APOG. GAMMA Investing LLC purchased a new stake in shares of Apogee Enterprises during the fourth quarter valued at approximately $31,000. DekaBank Deutsche Girozentrale purchased a new stake in Apogee Enterprises during the 3rd quarter valued at $56,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Apogee Enterprises by 599.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 959 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in shares of Apogee Enterprises in the fourth quarter worth $206,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Apogee Enterprises during the fourth quarter valued at $211,000. 94.05% of the stock is currently owned by institutional investors.

About Apogee Enterprises

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.