Assenagon Asset Management S.A. Has $17.16 Million Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Assenagon Asset Management S.A. lessened its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 291,272 shares of the construction company's stock after selling 36,986 shares during the period. Assenagon Asset Management S.A. owned about 0.96% of Gibraltar Industries worth $17,156,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company's stock worth $27,000 after buying an additional 277 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Gibraltar Industries by 30.6% during the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company's stock valued at $51,000 after buying an additional 170 shares during the last quarter. Quarry LP raised its holdings in Gibraltar Industries by 428.9% in the 2nd quarter. Quarry LP now owns 989 shares of the construction company's stock valued at $68,000 after acquiring an additional 802 shares in the last quarter. Point72 DIFC Ltd grew its holdings in shares of Gibraltar Industries by 92.1% during the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company's stock worth $91,000 after purchasing an additional 637 shares in the last quarter. Finally, nVerses Capital LLC lifted its position in Gibraltar Industries by 62.5% in the third quarter. nVerses Capital LLC now owns 1,300 shares of the construction company's stock worth $91,000 after purchasing an additional 500 shares during the period. 98.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a report on Tuesday, December 31st.

Gibraltar Industries Trading Up 0.5 %

Shares of Gibraltar Industries stock traded up $0.31 during trading on Friday, reaching $62.51. The company's stock had a trading volume of 143,663 shares, compared to its average volume of 235,146. Gibraltar Industries, Inc. has a one year low of $55.31 and a one year high of $87.40. The stock has a 50-day moving average price of $65.58 and a two-hundred day moving average price of $68.10. The stock has a market capitalization of $1.90 billion, a P/E ratio of 17.36 and a beta of 1.19.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its earnings results on Wednesday, October 30th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.26 by $0.01. The company had revenue of $361.20 million during the quarter, compared to analysts' expectations of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The business's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS. As a group, sell-side analysts anticipate that Gibraltar Industries, Inc. will post 4.18 EPS for the current fiscal year.

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.