Assenagon Asset Management S.A. Trims Stake in Gibraltar Industries, Inc. $ROCK

Key Points

• Assenagon Asset Management cut its Gibraltar Industries stake by 67.4% in the second quarter, selling 33,462 shares and retaining 16,197 shares worth about $730,000. Institutional investors collectively own 98.39% of ROCK.
• Analyst sentiment remains mixed but leans positive, with ratings ranging from Strong Buy to Sell and a MarketBeat consensus of “Moderate Buy.” Seaport Research Partners maintained a Buy rating with a $55 price target.
• Gibraltar Industries beat quarterly expectations, reporting $1.11 EPS versus the $1.02 consensus and revenue of $509.55 million versus $472.09 million expected. CEO William Bosway and CFO Joseph Lovechio also purchased shares, contributing to $823,380 of insider buying over the past 90 days.

Assenagon Asset Management S.A. lessened its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 67.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,197 shares of the construction company's stock after selling 33,462 shares during the period. Assenagon Asset Management S.A. owned approximately 0.05% of Gibraltar Industries worth $730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Hantz Financial Services Inc. increased its stake in Gibraltar Industries by 240.0% during the fourth quarter. Hantz Financial Services Inc. now owns 510 shares of the construction company's stock worth $25,000 after purchasing an additional 360 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Gibraltar Industries by 822.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the construction company's stock valued at $25,000 after purchasing an additional 444 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Gibraltar Industries by 73.0% in the second quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company's stock valued at $28,000 after purchasing an additional 203 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Gibraltar Industries during the third quarter worth $38,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Gibraltar Industries during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 98.39% of the company's stock.

Wall Street Analyst Weigh In

ROCK has been the topic of several recent research reports. Zacks Research upgraded Gibraltar Industries from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 28th. Seaport Research Partners restated a "buy" rating and set a $55.00 target price on shares of Gibraltar Industries in a research note on Tuesday, May 12th. Longbow Research assumed coverage on shares of Gibraltar Industries in a report on Tuesday, July 7th. They issued a "buy" rating on the stock. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Gibraltar Industries in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Gibraltar Industries Stock Down 2.1%

Gibraltar Industries stock opened at $47.88 on Friday. The stock has a 50-day simple moving average of $43.94 and a 200-day simple moving average of $43.19. The company has a market capitalization of $1.42 billion, a P/E ratio of -9.50, a PEG ratio of 0.83 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.91 and a current ratio of 1.46. Gibraltar Industries, Inc. has a fifty-two week low of $33.56 and a fifty-two week high of $75.08.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its earnings results on Wednesday, August 5th. The construction company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.09. The business had revenue of $509.55 million for the quarter, compared to analyst estimates of $472.09 million. Gibraltar Industries had a negative net margin of 10.43% and a positive return on equity of 11.23%. The company's revenue for the quarter was down 100.0% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. Equities research analysts expect that Gibraltar Industries, Inc. will post 3.84 earnings per share for the current year.

Insider Buying and Selling at Gibraltar Industries

In other news, CEO William T. Bosway acquired 19,735 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of $37.44 per share, for a total transaction of $738,878.40. Following the transaction, the chief executive officer directly owned 250,320 shares in the company, valued at approximately $9,371,980.80. This represents a 8.56% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Joseph A. Lovechio acquired 1,000 shares of the company's stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $34.62 per share, for a total transaction of $34,620.00. Following the completion of the purchase, the chief financial officer directly owned 13,390 shares in the company, valued at $463,561.80. This trade represents a 8.07% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 22,135 shares of company stock worth $823,380. 0.90% of the stock is currently owned by insiders.

Gibraltar Industries Profile

Gibraltar Industries, Inc NASDAQ: ROCK is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar's Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.

In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.

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