MINNEAPOLIS – Herbert K. Parker, a director of Apogee (NASDAQ:APOG) Enterprises, Inc. (NASDAQ:APOG), a company specializing in glass products, has sold a significant portion of his holdings in the company. On April 23, Parker sold 15,728 shares of common stock at an average price of $60.35, totaling approximately $949,184.
Investors tracking insider transactions noted that the sale prices for these shares ranged from $57.51 to $61.32. Details of the exact number of shares sold at each price point within this range will be made available by Parker upon request.
Following the sale, Parker remains invested in the company with 8,636 shares, which includes restricted stock awards under the 2019 Non-Employee Director Stock Plan. This move comes as part of the regular financial activities disclosed by company insiders and is reported in accordance with securities regulations.
Apogee Enterprises, based in Minneapolis, Minnesota, has a long-standing presence in the glass industry and is known for its commitment to quality and innovation. The company's stock performance and insider transactions are closely watched by investors seeking insights into the company's financial health and executive confidence.
The transaction was officially signed off by Meghan M. Elliott, Attorney-in-Fact for Herbert K. Parker, on April 25, as documented in the company's latest SEC filings.
InvestingPro Insights
In the wake of recent insider transactions at Apogee Enterprises, Inc. (NASDAQ:APOG), investors may seek additional context to better understand the company's financial standing. According to real-time metrics provided by InvestingPro, Apogee Enterprises boasts a solid Market Cap of approximately $1.35 billion. The company's P/E Ratio, a key indicator of market expectations, stands at 13.52, suggesting a potentially attractive valuation relative to its earnings.
InvestingPro Tips highlight some strengths in Apogee's financial profile. Notably, the company has demonstrated a commitment to shareholder returns, raising its dividend for 12 consecutive years and maintaining dividend payments for an impressive 51 consecutive years. This could signal a stable financial position and a management confident in the company's cash flow sustainability. Furthermore, Apogee has been profitable over the last twelve months and is trading near its 52-week high, with a price approximately 97.63% of that peak, indicating strong recent market performance.
For investors considering a deeper dive into Apogee Enterprises, additional InvestingPro Tips are available, which could provide further insights into the company's financial health and future outlook. By using the coupon code PRONEWS24, investors can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With these resources, shareholders can stay informed on the latest trends and make more educated decisions regarding their investments in Apogee Enterprises.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.