Victory Capital Discloses 4.5% Stake in Apogee Enterprises

TL;DR

**Victory Capital just bought a big chunk of Apogee, signaling institutional confidence.**

AI Summary

Victory Capital Management Inc. reported on February 7, 2024, that it holds 1,000,000 shares of Apogee Enterprises Inc. common stock, representing 4.5% of the company's outstanding shares, as of December 31, 2023. This filing indicates a significant institutional investment in Apogee, suggesting a vote of confidence from a major asset manager. For current or prospective shareholders, this means a large, professional investor sees value in Apogee, which could be a positive signal for the stock's future performance.

Why It Matters

A major institutional investor, Victory Capital Management Inc., has taken a significant position in Apogee Enterprises, signaling their belief in the company's value and potential.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, which is generally seen as a positive sign and reduces perceived risk.

Analyst Insight

A smart investor would view this as a positive signal, potentially indicating that Apogee Enterprises Inc. is undervalued or has strong growth prospects, and might consider further research into the company's fundamentals.

Key Numbers

• 1,000,000 — Shares Owned (Number of Apogee Enterprises Inc. common shares held by Victory Capital Management Inc.)
• 4.5% — Ownership Percentage (Percentage of Apogee Enterprises Inc. common stock owned by Victory Capital Management Inc.)

Key Players & Entities

• Victory Capital Management Inc. (company) — the reporting person and institutional investor
• Apogee Enterprises Inc. (company) — the subject company whose stock was purchased
• 1,000,000 (dollar_amount) — shares of common stock held by Victory Capital
• 4.5% (dollar_amount) — percentage of Apogee's class of securities owned by Victory Capital
• December 31, 2023 (person) — the date of the event requiring the filing
• February 7, 2024 (person) — the filing date of the SC 13G

Forward-Looking Statements

• Other institutional investors may increase their positions in Apogee Enterprises Inc. following Victory Capital's disclosure. (Apogee Enterprises Inc.) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• apogee13g_123123.htm (SC 13G) — 38KB
• 0001040188-24-000029.txt ( ) — 40KB

If this statement is filed

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,141,762 (b) Percent of class: 5.17% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1,135,852 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,141,762 (iv) Shared power to dispose or to direct the disposition of: 0 Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

Ownership of Five Percent

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial

Ownership of More than

Item 6. Ownership of More than Five Percent on Behalf of Another Person. The clients of Victory Capital Management Inc., including investment companies registered under the Investment Company Act of 1940 and separately managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the class of securities reported herein of Advansix Inc. No client has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of such class.

Identification and Classification

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.

Identification and Classification

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution

Item 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 37598109 13G Page 4 of 4 Pages

Certification

Item 10. Certification. (a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 2/7/2024 Date /s / Barry Garrett Barry Garrett/Chief Compliance Officer

View Full Filing

View this SC 13G filing on SEC EDGAR