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

Assenagon Asset Management S.A. reduced its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 51.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,613 shares of the construction company's stock after selling 171,905 shares during the quarter. Assenagon Asset Management S.A. owned 0.54% of Gibraltar Industries worth $12,922,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of ROCK. Captrust Financial Advisors lifted its holdings in shares of Gibraltar Industries by 3.8% in the 2nd quarter. Captrust Financial Advisors now owns 5,604 shares of the construction company's stock worth $353,000 after acquiring an additional 203 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Gibraltar Industries by 12.4% during the third quarter. Public Employees Retirement System of Ohio now owns 2,035 shares of the construction company's stock valued at $83,000 after purchasing an additional 224 shares during the period. Guidance Capital Inc. grew its holdings in shares of Gibraltar Industries by 6.8% in the third quarter. Guidance Capital Inc. now owns 4,287 shares of the construction company's stock worth $279,000 after purchasing an additional 273 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of Gibraltar Industries by 0.9% in the first quarter. Gabelli Funds LLC now owns 30,418 shares of the construction company's stock worth $1,306,000 after purchasing an additional 276 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Gibraltar Industries by 2.5% in the first quarter. Sei Investments Co. now owns 11,473 shares of the construction company's stock worth $493,000 after buying an additional 280 shares during the period. 98.39% of the stock is currently owned by institutional investors.

Gibraltar Industries Trading Down 0.0 %

ROCK traded down $0.03 during midday trading on Friday, reaching $80.53. The company's stock had a trading volume of 142,012 shares, compared to its average volume of 178,052. The stock's 50-day moving average is $79.94 and its 200-day moving average is $73.63. Gibraltar Industries, Inc. has a 1 year low of $45.73 and a 1 year high of $87.40. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 22.43 and a beta of 1.17.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The construction company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. The company had revenue of $328.80 million for the quarter, compared to analysts' expectations of $331.40 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that Gibraltar Industries, Inc. will post 4.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Gibraltar Industries from a "strong-buy" rating to a "buy" rating in a research note on Friday.

Gibraltar Industries Profile

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.