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

Assenagon Asset Management S.A. grew its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 16.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 328,258 shares of the construction company's stock after buying an additional 45,416 shares during the quarter. Assenagon Asset Management S.A. owned 1.08% of Gibraltar Industries worth $22,955,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in shares of Gibraltar Industries during the 2nd quarter worth about $39,000. GAMMA Investing LLC boosted 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 period. nVerses Capital LLC bought a new position in shares of Gibraltar Industries during the second quarter valued at approximately $55,000. Quarry LP raised its holdings in shares of Gibraltar Industries by 428.9% in the second quarter. Quarry LP now owns 989 shares of the construction company's stock worth $68,000 after buying an additional 802 shares during the period. Finally, Point72 DIFC Ltd lifted its stake 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 acquiring an additional 637 shares during the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Down 0.1 %

ROCK stock traded down $0.04 during trading on Friday, hitting $65.33. The company had a trading volume of 104,730 shares, compared to its average volume of 175,334. The company has a 50 day simple moving average of $68.36 and a 200-day simple moving average of $70.53. Gibraltar Industries, Inc. has a 52-week low of $59.66 and a 52-week high of $87.40. The firm has a market capitalization of $1.99 billion, a P/E ratio of 17.56 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The construction company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.08). The firm had revenue of $353.00 million during the quarter, compared to the consensus estimate of $373.60 million. Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. The business's revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 earnings per share. Sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Gibraltar Industries from a "strong-buy" rating to a "buy" rating in a research report on Tuesday.

Gibraltar Industries Company 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.