Benzinga - by Benzinga Insights, Benzinga Staff Writer.
A substantial insider sell was reported on April 25, by Herbert K Parker, Board Member at Apogee Enterprises (NASDAQ:APOG), based on the recent SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Parker sold 15,728 shares of Apogee Enterprises. The total transaction value is $949,184.
At Friday morning, Apogee Enterprises shares are down by 0.0%, trading at $61.32.
All You Need to Know About Apogee Enterprises Apogee Enterprises Inc is a manufacturer of architectural glass and metal glass framings. The company also provides building glass installation services. Its four main business segments are Architectural Framing Systems; Architectural Glass; Architectural Services and Large-Scale Optical Technologies (LSO). It generates maximum revenue from the Architectural Framing Systems segment. The Architectural Framing Systems segment designs, engineers, fabricates and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of commercial, institutional and high-end multi-family residential buildings. Geographically, it derives a majority of revenue from the United States.
Unraveling the Financial Story of Apogee Enterprises Decline in Revenue: Over the 3 months period, Apogee Enterprises faced challenges, resulting in a decline of approximately -7.65% in revenue growth as of 30 November, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Analyzing Profitability Metrics:
- Gross Margin: The company issues a cost efficiency warning with a low gross margin of 26.58%, indicating potential difficulties in maintaining profitability compared to its peers.
- Earnings per Share (EPS): Apogee Enterprises's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 1.24.
Understanding Financial Valuation:
- Price to Earnings (P/E) Ratio: The P/E ratio of 13.05 is lower than the industry average, implying a discounted valuation for Apogee Enterprises's stock.
- Price to Sales (P/S) Ratio: The P/S ratio of 0.97 is lower than the industry average, implying a discounted valuation for Apogee Enterprises's stock in relation to sales performance.
- EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): The company's EV/EBITDA ratio of 8.02 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
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Illuminating the Importance of Insider Transactions Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
The Insider's Guide to Important Transaction Codes Examining transactions, investors often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Apogee Enterprises's Insider Trades.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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