Janus Henderson Group PLC decreased its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 25.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378,475 shares of the construction company's stock after selling 130,611 shares during the period. Janus Henderson Group PLC owned 1.25% of Gibraltar Industries worth $26,467,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its stake in shares of Gibraltar Industries by 1,663.5% during the third quarter. FMR LLC now owns 726,667 shares of the construction company's stock valued at $50,816,000 after buying an additional 685,462 shares during the period. Victory Capital Management Inc. increased its position in Gibraltar Industries by 27.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company's stock valued at $103,613,000 after purchasing an additional 322,422 shares during the period. Pacer Advisors Inc. raised its holdings in Gibraltar Industries by 14.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,084,170 shares of the construction company's stock worth $74,320,000 after purchasing an additional 138,194 shares in the last quarter. Millennium Management LLC raised its holdings in Gibraltar Industries by 196.4% in the 2nd quarter. Millennium Management LLC now owns 123,438 shares of the construction company's stock worth $8,462,000 after purchasing an additional 81,791 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Gibraltar Industries by 14.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 648,054 shares of the construction company's stock worth $45,318,000 after purchasing an additional 81,401 shares during the period. Hedge funds and other institutional investors own 98.39% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research report on Tuesday.
Get Our Latest Research Report on ROCK
Gibraltar Industries Stock Down 0.1 %
Shares of NASDAQ:ROCK traded down $0.04 during trading on Friday, hitting $70.62. The stock had a trading volume of 89,751 shares, compared to its average volume of 154,271. The company has a market capitalization of $2.14 billion, a PE ratio of 19.62 and a beta of 1.15. The firm's fifty day moving average is $69.76 and its 200 day moving average is $70.07. Gibraltar Industries, Inc. has a 12 month low of $61.92 and a 12 month high of $87.40.
Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.01. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The business had revenue of $361.20 million during the quarter, compared to the consensus estimate of $360.43 million. During the same quarter in the prior year, the company earned $1.38 earnings per share. The firm's quarterly revenue was down 7.6% compared to the same quarter last year. Equities research analysts expect that Gibraltar Industries, Inc. will post 4.18 EPS for the current fiscal year.
About Gibraltar Industries
(
Free Report)
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.
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