Hotchkis & Wiley Capital Management LLC Increases Stake in Apogee Enterprises, Inc. $APOG

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Apogee Enterprises by 103.2% during the first quarter, now holding 193,150 shares valued at approximately $8.95 million.
• Apogee Enterprises reported $0.56 earnings per share for its recent quarter, exceeding analysts' estimates, with a revenue of $346.62 million, which is a 4.6% increase from the previous year.
• The company also declared a quarterly dividend of $0.26 per share, translating to an annualized dividend of $1.04 and a yield of 2.3%.

Hotchkis & Wiley Capital Management LLC raised its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 103.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,150 shares of the industrial products company's stock after acquiring an additional 98,080 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.90% of Apogee Enterprises worth $8,949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. LPL Financial LLC grew its position in shares of Apogee Enterprises by 14.6% during the 4th quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company's stock worth $304,000 after buying an additional 541 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Apogee Enterprises by 13.8% in the fourth quarter. Wells Fargo & Company MN now owns 18,630 shares of the industrial products company's stock worth $1,330,000 after purchasing an additional 2,255 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in Apogee Enterprises in the fourth quarter worth about $228,000. Raymond James Financial Inc. purchased a new stake in Apogee Enterprises in the fourth quarter valued at about $706,000. Finally, Barclays PLC raised its stake in Apogee Enterprises by 1.2% in the fourth quarter. Barclays PLC now owns 64,508 shares of the industrial products company's stock valued at $4,606,000 after buying an additional 739 shares during the last quarter. Institutional investors own 94.05% of the company's stock.

Apogee Enterprises Stock Performance

Shares of NASDAQ:APOG traded down $0.14 during trading on Friday, hitting $43.96. The stock had a trading volume of 64,567 shares, compared to its average volume of 236,597. Apogee Enterprises, Inc. has a 12-month low of $37.53 and a 12-month high of $87.93. The stock has a market capitalization of $946.35 million, a price-to-earnings ratio of 18.71 and a beta of 1.00. The company has a quick ratio of 1.36, a current ratio of 1.77 and a debt-to-equity ratio of 0.65. The stock has a 50-day simple moving average of $42.30 and a two-hundred day simple moving average of $43.36.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings data on Friday, June 27th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. The firm had revenue of $346.62 million during the quarter, compared to analysts' expectations of $326.08 million. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%.The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $1.44 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. On average, equities research analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Wednesday, July 16th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.4%. The ex-dividend date was Wednesday, July 16th. Apogee Enterprises's dividend payout ratio (DPR) is currently 44.44%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APOG. DA Davidson decreased their price target on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, July 1st. Wall Street Zen cut Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

Apogee Enterprises Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).