Assenagon Asset Management S.A. Sells 220,514 Shares of Gibraltar Industries, Inc. $ROCK

Assenagon Asset Management S.A. reduced its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 93.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,197 shares of the construction company’s stock after selling 220,514 shares during the period. Assenagon Asset Management S.A. owned approximately 0.05% of Gibraltar Industries worth $801,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Alliancebernstein L.P. raised its holdings in shares of Gibraltar Industries by 694.4% in the third quarter. Alliancebernstein L.P. now owns 536,668 shares of the construction company’s stock valued at $33,703,000 after acquiring an additional 469,111 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Gibraltar Industries during the 3rd quarter valued at about $22,758,000. Robeco Schweiz AG purchased a new position in Gibraltar Industries during the 3rd quarter valued at about $11,304,000. CSM Advisors LLC bought a new stake in shares of Gibraltar Industries in the 3rd quarter valued at about $5,030,000. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Gibraltar Industries by 75.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 184,555 shares of the construction company’s stock valued at $10,889,000 after purchasing an additional 79,460 shares in the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ROCK. CJS Securities upgraded shares of Gibraltar Industries to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Gibraltar Industries in a research note on Monday, December 29th. Finally, Zacks Research lowered Gibraltar Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Gibraltar Industries presently has an average rating of “Hold”.

Gibraltar Industries Stock Performance

ROCK stock opened at $39.87 on Wednesday. Gibraltar Industries, Inc. has a one year low of $37.79 and a one year high of $75.08. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -26.58, a PEG ratio of 0.70 and a beta of 1.34. The firm has a 50-day simple moving average of $47.22 and a two-hundred day simple moving average of $53.62.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Gibraltar Industries had a negative net margin of 3.76% and a positive return on equity of 12.05%. The firm had revenue of $268.69 million for the quarter, compared to the consensus estimate of $265.13 million. During the same quarter in the previous year, the firm earned $1.01 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. As a group, equities analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gibraltar Industries news, CEO William T. Bosway purchased 1,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $41.37 per share, for a total transaction of $41,370.00. Following the completion of the purchase, the chief executive officer owned 230,585 shares in the company, valued at $9,539,301.45. This represents a 0.44% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James S. Metcalf purchased 12,444 shares of the stock in a transaction on Tuesday, March 10th. The stock was acquired at an average cost of $40.35 per share, with a total value of $502,115.40. Following the acquisition, the director owned 15,500 shares of the company’s stock, valued at approximately $625,425. This represents a 407.20% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 19,444 shares of company stock valued at $775,070 in the last three months. Insiders own 0.50% of the company’s stock.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.

In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.