Assenagon Asset Management S.A. cut its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) by 51.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,613 shares of the construction company’s stock after selling 171,905 shares during the period. Assenagon Asset Management S.A. owned approximately 0.54% of Gibraltar Industries worth $12,922,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of ROCK. Millburn Ridgefield Corp purchased a new stake in shares of Gibraltar Industries during the 3rd quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new stake in Gibraltar Industries in the third quarter valued at $28,000. Covestor Ltd lifted its stake in shares of Gibraltar Industries by 13,540.0% in the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock valued at $46,000 after purchasing an additional 677 shares during the last quarter. PrairieView Partners LLC grew its holdings 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 period. Finally, Buck Wealth Strategies LLC increased its position in shares of Gibraltar Industries by 379.9% during the 3rd quarter. Buck Wealth Strategies LLC now owns 1,243 shares of the construction company’s stock worth $84,000 after purchasing an additional 984 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.
Gibraltar Industries Stock Performance
NASDAQ:ROCK opened at $80.53 on Friday. Gibraltar Industries, Inc. has a fifty-two week low of $45.73 and a fifty-two week high of $87.40. The company has a 50 day moving average price of $79.96 and a 200 day moving average price of $73.57. The stock has a market capitalization of $2.45 billion, a P/E ratio of 22.43 and a beta of 1.17.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday.
Check Out Our Latest Stock Analysis on ROCK
About Gibraltar Industries
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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