Allspring Global Investments Holdings LLC Reduces Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 612,273 shares of the construction company’s stock after selling 35,781 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.02% of Gibraltar Industries worth $35,769,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in shares of Gibraltar Industries by 1,663.5% in the 3rd quarter. FMR LLC now owns 726,667 shares of the construction company’s stock worth $50,816,000 after buying an additional 685,462 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Gibraltar Industries by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company’s stock worth $58,676,000 after buying an additional 32,950 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Gibraltar Industries in the 3rd quarter worth $792,000. Citigroup Inc. lifted its holdings in shares of Gibraltar Industries by 29.5% in the 3rd quarter. Citigroup Inc. now owns 58,768 shares of the construction company’s stock worth $4,110,000 after buying an additional 13,392 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Gibraltar Industries by 8.2% in the 3rd quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company’s stock worth $401,000 after buying an additional 445 shares during the period. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Gibraltar Industries Trading Down 0.4 %

ROCK opened at $58.85 on Friday. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 16.35 and a beta of 1.20. Gibraltar Industries, Inc. has a 12 month low of $55.31 and a 12 month high of $87.19. The stock has a fifty day moving average price of $61.28 and a 200-day moving average price of $66.26.

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.