Calamos Advisors LLC Sells 24,099 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Calamos Advisors LLC lowered its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 60.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,746 shares of the construction company's stock after selling 24,099 shares during the quarter. Calamos Advisors LLC owned approximately 0.05% of Gibraltar Industries worth $1,244,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in Gibraltar Industries by 122.0% in the 4th quarter. Pacer Advisors Inc. now owns 820,031 shares of the construction company's stock valued at $64,766,000 after buying an additional 450,665 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Gibraltar Industries by 182.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 335,518 shares of the construction company's stock valued at $22,651,000 after buying an additional 216,818 shares during the last quarter. Invesco Ltd. raised its holdings in Gibraltar Industries by 72.2% in the 3rd quarter. Invesco Ltd. now owns 245,220 shares of the construction company's stock valued at $16,555,000 after buying an additional 102,848 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Gibraltar Industries by 9.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 634,595 shares of the construction company's stock valued at $50,120,000 after buying an additional 56,126 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in Gibraltar Industries by 79.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 78,786 shares of the construction company's stock valued at $5,319,000 after buying an additional 34,866 shares during the last quarter. Institutional investors own 98.39% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Gibraltar Industries from a "strong-buy" rating to a "buy" rating in a report on Friday, March 29th.

Gibraltar Industries Trading Up 1.0 %

NASDAQ:ROCK traded up $0.69 on Monday, reaching $72.01. 101,552 shares of the stock traded hands, compared to its average volume of 175,199. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 20.06 and a beta of 1.17. The company's 50 day moving average is $77.58 and its 200-day moving average is $74.52. Gibraltar Industries, Inc. has a 1-year low of $48.01 and a 1-year high of $87.40.

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

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.