Janus Henderson Group PLC Sells 69,740 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Janus Henderson Group PLC reduced its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 308,735 shares of the construction company's stock after selling 69,740 shares during the period. Janus Henderson Group PLC owned about 1.02% of Gibraltar Industries worth $18,185,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ROCK. Wellington Management Group LLP raised its holdings in 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 worth $90,769,000 after acquiring an additional 397,313 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in 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 worth $33,604,000 after acquiring an additional 140,784 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Gibraltar Industries by 52.8% in the 4th quarter. Renaissance Technologies LLC now owns 260,465 shares of the construction company's stock worth $15,341,000 after acquiring an additional 90,000 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Gibraltar Industries by 76.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 192,098 shares of the construction company's stock worth $11,315,000 after acquiring an additional 82,965 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Gibraltar Industries by 124.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 129,043 shares of the construction company's stock worth $7,601,000 after acquiring an additional 71,532 shares during the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gibraltar Industries

In other news, Director James B. Nish sold 2,670 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $57.58, for a total transaction of $153,738.60. Following the completion of the sale, the director now owns 13,148 shares of the company's stock, valued at $757,061.84. The trade was a 16.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.50% of the company's stock.

Gibraltar Industries Stock Down 0.5%

ROCK traded down $0.30 during mid-day trading on Wednesday, reaching $61.03. 44,873 shares of the company traded hands, compared to its average volume of 225,206. The stock has a market capitalization of $1.80 billion, a P/E ratio of 13.66 and a beta of 1.30. The company's fifty day moving average price is $57.34 and its 200-day moving average price is $62.12. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.09. The business had revenue of $290.02 million during the quarter, compared to analyst estimates of $296.77 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. As a group, sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.