Apogee Enterprises Chief Legal Officer Trades $455K In Company Stock

Meghan M. Elliott, Chief Legal Officer at Apogee Enterprises APOG, disclosed an insider purchase on April 24, based on a new SEC filing.

What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Elliott purchased 9,980 shares of Apogee Enterprises, demonstrating confidence in the company’s growth potential. The total value of the transaction stands at $455,187.

In the Friday’s morning session, Apogee Enterprises‘s shares are currently trading at $40.02, experiencing a down of 0.15%.

Unveiling the Story Behind Apogee Enterprises

Apogee Enterprises Inc provider of architectural products and services for enclosing buildings, and high-performance glass and acrylic products used in applications for preservation, protection, and enhanced viewing. Its 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 windows, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and others. Geographically, it derives a majority of its revenue from the United States.

Apogee Enterprises’s Economic Impact: An Analysis

Revenue Growth: Apogee Enterprises displayed positive results in 3 months. As of 30 November, 2024, the company achieved a solid revenue growth rate of approximately 0.48%. This indicates a notable increase in the company’s top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.

Insights into Profitability:

• Gross Margin: The company issues a cost efficiency warning with a low gross margin of 26.12%, indicating potential difficulties in maintaining profitability compared to its peers.

• Earnings per Share (EPS): Apogee Enterprises’s EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 0.96.

Debt Management: Apogee Enterprises’s debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.65.

Evaluating Valuation:

• Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 10.3, the stock indicates an attractive valuation, potentially presenting a buying opportunity.

• Price to Sales (P/S) Ratio: The P/S ratio of 0.64 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): With a below-average EV/EBITDA ratio of 7.29, Apogee Enterprises presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.

Market Capitalization Perspectives: The company’s market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.

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Delving Into the Significance of Insider Transactions

Insider transactions shouldn’t be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.

Exploring the legal landscape, an “insider” is defined as any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.

Highlighted by a company insider’s new purchase, there’s a positive anticipation for the stock to rise.

But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.

Navigating the World of Insider Transaction Codes

Digging into the details of stock transactions, investors frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals 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.

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This article was generated by Benzinga’s automated content engine and reviewed by an editor.