Hotchkis & Wiley Capital Management LLC Invests $6.85 Million in Apogee Enterprises, Inc. (NASDAQ:APOG)

Hotchkis & Wiley Capital Management LLC bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 97,770 shares of the industrial products company's stock, valued at approximately $6,845,000. Hotchkis & Wiley Capital Management LLC owned 0.45% of Apogee Enterprises at the end of the most recent quarter.

Several other large investors also recently modified their holdings of APOG. Price T Rowe Associates Inc. MD lifted its holdings in Apogee Enterprises by 1.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,772 shares of the industrial products company's stock worth $1,349,000 after buying an additional 428 shares during the period. Comerica Bank lifted its stake in Apogee Enterprises by 28.9% in the first quarter. Comerica Bank now owns 13,062 shares of the industrial products company's stock worth $773,000 after acquiring an additional 2,925 shares during the period. CWM LLC boosted its holdings in Apogee Enterprises by 290.6% in the second quarter. CWM LLC now owns 957 shares of the industrial products company's stock valued at $60,000 after acquiring an additional 712 shares in the last quarter. SG Americas Securities LLC increased its position in Apogee Enterprises by 178.7% during the 2nd quarter. SG Americas Securities LLC now owns 35,168 shares of the industrial products company's stock valued at $2,210,000 after purchasing an additional 22,549 shares during the period. Finally, Diversified Trust Co raised its holdings in Apogee Enterprises by 9.4% in the 2nd quarter. Diversified Trust Co now owns 6,700 shares of the industrial products company's stock worth $421,000 after purchasing an additional 573 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. DA Davidson upped their target price on Apogee Enterprises from $65.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th.

Apogee Enterprises Stock Down 0.0 %

Apogee Enterprises stock traded down $0.02 on Friday, hitting $82.97. 98,889 shares of the stock traded hands, compared to its average volume of 146,936. Apogee Enterprises, Inc. has a 1 year low of $47.83 and a 1 year high of $87.93. The firm has a market cap of $1.82 billion, a P/E ratio of 17.47 and a beta of 0.99. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The business's fifty day simple moving average is $79.43 and its 200 day simple moving average is $69.26.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.21. The company had revenue of $342.40 million during the quarter, compared to analysts' expectations of $335.31 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. Apogee Enterprises's revenue was down 3.2% on a year-over-year basis. During the same period last year, the company posted $1.36 EPS. As a group, sell-side analysts forecast that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were paid a $0.25 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. Apogee Enterprises's payout ratio is currently 21.05%.

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).