Assenagon Asset Management S.A. Buys 33,462 Shares of Gibraltar Industries, Inc. $ROCK

Assenagon Asset Management S.A. raised its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 206.6% in the first quarter, Holdings Channel reports. The institutional investor owned 49,659 shares of the construction company’s stock after buying an additional 33,462 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Gibraltar Industries were worth $1,980,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Citigroup Inc. increased its holdings in Gibraltar Industries by 28.3% during the 3rd quarter. Citigroup Inc. now owns 70,531 shares of the construction company’s stock worth $4,429,000 after acquiring an additional 15,555 shares during the period. Royce & Associates LP boosted its holdings in Gibraltar Industries by 46.3% in the 4th quarter. Royce & Associates LP now owns 196,730 shares of the construction company’s stock valued at $9,726,000 after purchasing an additional 62,218 shares during the period. Teton Advisors LLC bought a new position in Gibraltar Industries in the 3rd quarter valued at $3,423,000. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Gibraltar Industries by 425.0% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 41,036 shares of the construction company’s stock valued at $2,049,000 after purchasing an additional 33,220 shares in the last quarter. Finally, CSM Advisors LLC purchased a new position in shares of Gibraltar Industries during the 3rd quarter valued at $5,030,000. 98.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ROCK has been the topic of several research analyst reports. Zacks Research raised shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Gibraltar Industries in a research note on Friday, May 29th. Finally, Seaport Research Partners restated a “buy” rating and set a $55.00 target price on shares of Gibraltar Industries in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Gibraltar Industries presently has a consensus rating of “Hold”.

Gibraltar Industries Price Performance

Shares of Gibraltar Industries stock opened at $45.31 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.87 and a current ratio of 1.41. Gibraltar Industries, Inc. has a 52-week low of $33.56 and a 52-week high of $75.08. The company has a fifty day moving average of $39.22 and a 200-day moving average of $44.56. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -10.18, a price-to-earnings-growth ratio of 0.79 and a beta of 1.21.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Thursday, May 7th. The construction company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). Gibraltar Industries had a negative net margin of 10.68% and a positive return on equity of 10.86%. The company had revenue of $356.29 million for the quarter, compared to analysts’ expectations of $350.15 million. During the same quarter in the prior year, the company earned $0.95 earnings per share. The company’s revenue was up 44.6% compared to the same quarter last year. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. Equities research analysts expect that Gibraltar Industries, Inc. will post 3.8 EPS for the current year.

Insider Buying and Selling at Gibraltar Industries

In other news, CFO Joseph A. Lovechio acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price of $34.62 per share, for a total transaction of $34,620.00. Following the completion of the transaction, the chief financial officer owned 13,390 shares of the company’s stock, valued at $463,561.80. The trade was a 8.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Katherine Bolanowski acquired 1,400 shares of the stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $35.63 per share, with a total value of $49,882.00. Following the completion of the purchase, the vice president owned 17,389 shares of the company’s stock, valued at approximately $619,570.07. The trade was a 8.76% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 22,135 shares of company stock valued at $823,380 in the last quarter. Company insiders own 0.90% of the company’s stock.

About Gibraltar Industries

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.