In a recent transaction, Curtis John Dobler, the Executive Vice President and Chief Human Resources Officer (EVP & CHRO) of Apogee (NASDAQ:APOG) Enterprises, Inc. (NASDAQ:APOG), sold 3,548 shares of the company's common stock. The sale, which took place on May 2, 2024, totaled over $222,353, with the weighted average sale price per share at $62.67.
Investors tracking insider transactions may note that the sale prices ranged from $62.60 to $62.80, as indicated by the footnotes in the filing. Dobler's remaining equity in the company following the transaction stands at 30,369 shares, which includes shares allocated under the Employee Stock Purchase Plan and shares of restricted stock granted under the 2019 Stock Incentive Plan.
Apogee Enterprises, headquartered in Minneapolis, Minnesota, specializes in glass products and has a significant presence in the manufacturing sector. As a key figure in the company's leadership, Dobler's stock transactions are closely watched for insights into executive sentiment regarding the company's financial health and future prospects.
The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission, which provides transparency on the stock trades made by the company's insiders. This recent sale by an executive of Apogee Enterprises provides current and potential investors with important information regarding insider activity and equity changes within the company.
InvestingPro Insights
As Apogee Enterprises (NASDAQ:APOG) continues to navigate the manufacturing sector's challenges and opportunities, a look at real-time data and InvestingPro Tips can provide a clearer picture of the company's financial health and stock performance. With a market capitalization of approximately $1.43 billion and a price-to-earnings (P/E) ratio of 14.25, Apogee presents as a company with a stable valuation in the context of its industry.
The company's commitment to rewarding shareholders is evident through its impressive dividend track record. An InvestingPro Tip highlights that Apogee has raised its dividend for 12 consecutive years and has maintained dividend payments for an astonishing 51 consecutive years. This consistency is a testament to Apogee's financial stability and dedication to returning value to its shareholders.
InvestingPro Data further reveals that Apogee's revenue for the last twelve months as of Q4 2024 stands at $1.416 billion, with a gross profit margin of 25.91%. These figures underscore the company's ability to generate substantial earnings relative to its revenue, which is a positive indicator for investors. Additionally, the company's return on assets is an impressive 11.07%, reflecting efficient use of its assets to generate profits.
For investors seeking more in-depth analysis and additional InvestingPro Tips, such as Apogee's high return over the last year and its performance relative to its 52-week high, further insights are available on InvestingPro. With 10 more tips listed on the platform, investors can gain a comprehensive understanding of Apogee's market position and make more informed decisions. To access these insights, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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