Janus Henderson Group PLC Lowers Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Janus Henderson Group PLC decreased its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 308,735 shares of the construction company's stock after selling 69,740 shares during the quarter. Janus Henderson Group PLC owned approximately 1.02% of Gibraltar Industries worth $18,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Gibraltar Industries by 0.5% in the fourth 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 in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Gibraltar Industries by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,663,416 shares of the construction company's stock worth $97,975,000 after buying an additional 23,358 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Gibraltar Industries by 34.7% during the fourth quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company's stock worth $90,769,000 after buying an additional 397,313 shares during the period. Geode Capital Management LLC raised its holdings in Gibraltar Industries by 1.9% in the fourth 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 in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Gibraltar Industries by 32.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 570,520 shares of the construction company's stock worth $33,604,000 after acquiring an additional 140,784 shares during the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Down 1.5%

Gibraltar Industries stock traded down $0.95 during midday trading on Monday, reaching $61.55. The company's stock had a trading volume of 143,804 shares, compared to its average volume of 225,694. The company has a market cap of $1.82 billion, a P/E ratio of 13.77 and a beta of 1.30. The business has a 50-day simple moving average of $57.43 and a 200-day simple moving average of $62.16. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.09. The company had revenue of $290.02 million for the quarter, compared to analysts' expectations of $296.77 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The firm's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. As a group, equities analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Gibraltar Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.

Insider Activity

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

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.