Apogee Enterprises (NASDAQ:APOG) Stock Crosses Above 200 Day Moving Average of $57.29

Apogee Enterprises, Inc. (NASDAQ:APOG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $57.29 and traded as high as $62.03. Apogee Enterprises shares last traded at $62.03, with a volume of 124,659 shares changing hands.

Apogee Enterprises Price Performance

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 company’s 50-day simple moving average is $62.72 and its 200-day simple moving average is $57.29. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 13.75 and a beta of 1.05.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The company 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 business posted $0.86 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Apogee Enterprises, Inc. will post 4.57 EPS for the current year.

Apogee Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, May 20th. Apogee Enterprises’s payout ratio is 22.17%.

Insider Activity

In related news, insider Troy R. Johnson sold 12,000 shares of Apogee Enterprises stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $61.06, for a total transaction of $732,720.00. Following the transaction, the insider now directly owns 33,433 shares of the company’s stock, valued at $2,041,418.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Apogee Enterprises news, insider Troy R. Johnson sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $61.06, for a total transaction of $732,720.00. Following the completion of the sale, the insider now directly owns 33,433 shares in the company, valued at approximately $2,041,418.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lloyd Emerson Johnson sold 24,000 shares of Apogee Enterprises stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $63.13, for a total value of $1,515,120.00. Following the sale, the director now owns 260 shares of the company’s stock, valued at $16,413.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,252 shares of company stock valued at $4,786,214. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Apogee Enterprises

A number of institutional investors have recently bought and sold shares of APOG. New York State Common Retirement Fund boosted its stake in Apogee Enterprises by 87.0% in the third quarter. New York State Common Retirement Fund now owns 17,341 shares of the industrial products company’s stock worth $816,000 after purchasing an additional 8,066 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Apogee Enterprises by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 370,143 shares of the industrial products company’s stock worth $17,426,000 after purchasing an additional 6,689 shares in the last quarter. Deutsche Bank AG boosted its stake in Apogee Enterprises by 13.5% in the third quarter. Deutsche Bank AG now owns 11,059 shares of the industrial products company’s stock worth $521,000 after purchasing an additional 1,314 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Apogee Enterprises in the third quarter worth $56,000. Finally, FMR LLC boosted its stake in Apogee Enterprises by 1.3% in the third quarter. FMR LLC now owns 151,047 shares of the industrial products company’s stock worth $7,111,000 after purchasing an additional 1,951 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

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).