Apogee insider off-loads shares

Apogee Enterprises (NASDAQ:APOG) Director Robert J. Marzec sold 3,701 shares of the stock in a transaction dated Friday, July 24th.

The stock was sold at an average price of $55.38, for a total value of $204,961.38. Following the completion of the transaction, the director now directly owns 23,806 shares in the company, valued at approximately $1,318,376.28. The sale was disclosed in a filing with the Securities & Exchange Commission.

Apogee Enterprises last posted its quarterly earnings results on Wednesday, June 24th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. The company had revenue of $240.00 million for the quarter. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Analysts expect that Apogee Enterprises will post $2.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Monday, July 13th.