Calamos Advisors LLC Lowers Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Calamos Advisors LLC cut its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 60.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,746 shares of the construction company’s stock after selling 24,099 shares during the quarter. Calamos Advisors LLC’s holdings in Gibraltar Industries were worth $1,244,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ROCK. Millburn Ridgefield Corp purchased a new stake in Gibraltar Industries in the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Gibraltar Industries during the third quarter worth about $28,000. Covestor Ltd increased its stake in shares of Gibraltar Industries by 13,540.0% during the third quarter. Covestor Ltd now owns 682 shares of the construction company’s stock worth $46,000 after purchasing an additional 677 shares in the last quarter. PrairieView Partners LLC raised its position in shares of Gibraltar Industries by 100.0% during the 3rd quarter. PrairieView Partners LLC now owns 816 shares of the construction company’s stock worth $55,000 after purchasing an additional 408 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Gibraltar Industries in the 1st quarter valued at about $67,000. 98.39% of the stock is owned by institutional investors and hedge funds.

Gibraltar Industries Stock Performance

NASDAQ ROCK opened at $71.32 on Monday. The business has a fifty day moving average price of $77.87 and a 200 day moving average price of $74.48. The company has a market cap of $2.17 billion, a P/E ratio of 19.87 and a beta of 1.17. Gibraltar Industries, Inc. has a one year low of $48.01 and a one year high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results 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). The business had revenue of $328.80 million for the quarter, compared to analysts’ expectations of $331.40 million. Gibraltar Industries had a return on equity of 14.50% and a net margin of 8.02%. Gibraltar Industries’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 EPS. As a group, sell-side analysts predict that Gibraltar Industries, Inc. will post 4.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, March 29th.

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.