Apogee Enterprises Inc (NASDAQ:APOG) Director Sara L. Hays sold 2,229 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $45.46, for a total transaction of $101,330.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Apogee Enterprises Inc (APOG) opened at $46.09 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.32 and a current ratio of 1.79. The stock has a market cap of $1,287.31, a price-to-earnings ratio of 16.58, a P/E/G ratio of 1.49 and a beta of 1.62. Apogee Enterprises Inc has a 1-year low of $40.03 and a 1-year high of $61.00.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Thursday, December 21st. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.14). The firm had revenue of $356.50 million for the quarter, compared to the consensus estimate of $373.35 million. Apogee Enterprises had a return on equity of 17.99% and a net margin of 6.24%. Apogee Enterprises’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. analysts anticipate that Apogee Enterprises Inc will post 3.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Tuesday, January 30th will be issued a dividend of $0.1575 per share. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, January 29th. Apogee Enterprises’s dividend payout ratio is currently 20.14%.

Apogee Enterprises announced that its board has initiated a stock buyback program on Tuesday, January 9th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Several research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. BidaskClub lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $61.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. bought a new stake in shares of Apogee Enterprises during the 3rd quarter worth $259,000. Skylands Capital LLC boosted its holdings in shares of Apogee Enterprises by 134.7% during the 3rd quarter. Skylands Capital LLC now owns 191,050 shares of the industrial products company’s stock worth $9,220,000 after buying an additional 109,650 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Apogee Enterprises by 264.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,742 shares of the industrial products company’s stock worth $553,000 after buying an additional 7,070 shares during the period. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Apogee Enterprises by 70.4% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 45,500 shares of the industrial products company’s stock worth $2,196,000 after buying an additional 18,800 shares during the period. Finally, Koch Industries Inc. bought a new stake in shares of Apogee Enterprises during the 2nd quarter worth $309,000. 98.40% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Apogee Enterprises (NASDAQ:APOG)

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