Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 2.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 297,354 shares of the construction company's stock after purchasing an additional 6,082 shares during the period. Assenagon Asset Management S.A. owned 1.00% of Gibraltar Industries worth $17,443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ROCK. Vanguard Group Inc. lifted its holdings in shares of Gibraltar Industries by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company's stock valued at $176,122,000 after acquiring an additional 15,201 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Gibraltar Industries by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,663,416 shares of the construction company's stock valued at $97,975,000 after acquiring an additional 23,358 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Gibraltar Industries by 34.7% in the 4th quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company's stock valued at $90,769,000 after acquiring an additional 397,313 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Gibraltar Industries by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company's stock valued at $50,359,000 after acquiring an additional 15,889 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Gibraltar Industries by 32.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 570,520 shares of the construction company's stock valued at $33,604,000 after acquiring an additional 140,784 shares during the last quarter. Institutional investors own 98.39% of the company's stock.

Gibraltar Industries Stock Down 1.1%

Gibraltar Industries stock traded down $0.62 during midday trading on Tuesday, reaching $57.35. The stock had a trading volume of 175,398 shares, compared to its average volume of 229,477. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $81.90. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 13.18 and a beta of 1.34. The company has a fifty day moving average of $57.20 and a 200 day moving average of $60.42.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a net margin of 10.22% and a return on equity of 13.39%. The firm had revenue of $290.02 million during the quarter, compared to the consensus estimate of $296.77 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The company's revenue was down .9% on a year-over-year basis. Equities research analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Insider Activity at Gibraltar Industries

In related news, Director James B. Nish sold 1,172 shares of Gibraltar Industries stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $58.21, for a total transaction of $68,222.12. Following the transaction, the director now directly owns 11,976 shares of the company's stock, valued at $697,122.96. This trade represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

About Gibraltar Industries

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.