Gibraltar Industries, Inc. (NASDAQ:ROCK) Holdings Reduced by Shell Asset Management Co.

Shell Asset Management Co. cut its stake in Gibraltar Industries, Inc. (NASDAQ:ROCKGet Rating) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,172 shares of the construction company’s stock after selling 1,208 shares during the period. Shell Asset Management Co.’s holdings in Gibraltar Industries were worth $351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Comerica Bank boosted its holdings in shares of Gibraltar Industries by 1.1% in the first quarter. Comerica Bank now owns 31,086 shares of the construction company’s stock valued at $1,262,000 after acquiring an additional 324 shares in the last quarter. Baystate Wealth Management LLC boosted its holdings in shares of Gibraltar Industries by 65.7% in the first quarter. Baystate Wealth Management LLC now owns 845 shares of the construction company’s stock valued at $36,000 after acquiring an additional 335 shares in the last quarter. Duality Advisers LP boosted its holdings in shares of Gibraltar Industries by 2.6% in the fourth quarter. Duality Advisers LP now owns 13,303 shares of the construction company’s stock valued at $887,000 after acquiring an additional 341 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Gibraltar Industries in the fourth quarter valued at approximately $26,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Gibraltar Industries by 1,286.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 513 shares of the construction company’s stock valued at $34,000 after acquiring an additional 476 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors.

Gibraltar Industries Trading Up 0.2 %

Gibraltar Industries stock opened at $44.15 on Friday. The firm has a 50 day simple moving average of $42.20 and a 200-day simple moving average of $44.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.74 and a quick ratio of 1.04. The stock has a market capitalization of $1.45 billion, a PE ratio of 17.80 and a beta of 1.14. Gibraltar Industries, Inc. has a 12-month low of $36.86 and a 12-month high of $79.40.

Gibraltar Industries (NASDAQ:ROCKGet Rating) last released its earnings results on Wednesday, August 3rd. The construction company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.80 by $0.16. Gibraltar Industries had a net margin of 5.88% and a return on equity of 12.07%. The business had revenue of $366.90 million during the quarter, compared to analyst estimates of $364.43 million. During the same period in the prior year, the business earned $0.80 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts expect that Gibraltar Industries, Inc. will post 3.3 EPS for the current fiscal year.

Insider Activity at Gibraltar Industries

In other Gibraltar Industries news, Director Linda Kristine Myers bought 1,600 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The stock was acquired at an average cost of $38.16 per share, with a total value of $61,056.00. Following the completion of the purchase, the director now directly owns 12,683 shares in the company, valued at $483,983.28. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

About Gibraltar Industries

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Gibraltar Industries, Inc manufactures and distributes building products for the renewable energy, residential, agtech, and infrastructure markets in North America and Asia. 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.

See Also

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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