Envestnet Asset Management Inc. Reduces Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Envestnet Asset Management Inc. trimmed its position in Gibraltar Industries, Inc. (NASDAQ:ROCKGet Rating) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,282 shares of the construction company’s stock after selling 1,210 shares during the period. Envestnet Asset Management Inc. owned about 0.18% of Gibraltar Industries worth $2,336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Gibraltar Industries by 42.4% during the 1st quarter. Van ECK Associates Corp now owns 40,430 shares of the construction company’s stock valued at $1,736,000 after buying an additional 12,037 shares in the last quarter. Duality Advisers LP lifted its position in shares of Gibraltar Industries by 60.3% during the 1st quarter. Duality Advisers LP now owns 21,331 shares of the construction company’s stock valued at $916,000 after buying an additional 8,028 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in shares of Gibraltar Industries during the 1st quarter valued at about $341,000. Boston Partners lifted its position in shares of Gibraltar Industries by 3.0% during the 1st quarter. Boston Partners now owns 8,371 shares of the construction company’s stock valued at $360,000 after buying an additional 244 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Gibraltar Industries by 8.5% during the 1st quarter. Teacher Retirement System of Texas now owns 6,748 shares of the construction company’s stock valued at $290,000 after buying an additional 527 shares in the last quarter. 98.16% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Down 1.0 %

NASDAQ ROCK opened at $50.65 on Friday. The stock’s 50 day moving average is $45.45 and its 200 day moving average is $43.36. The company has a current ratio of 1.91, a quick ratio of 1.19 and a debt-to-equity ratio of 0.14. Gibraltar Industries, Inc. has a 12 month low of $36.58 and a 12 month high of $79.40. The stock has a market cap of $1.57 billion, a PE ratio of 18.55 and a beta of 1.16.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ROCK. StockNews.com began coverage on Gibraltar Industries in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Seaport Res Ptn reissued a “buy” rating on shares of Gibraltar Industries in a report on Thursday, November 3rd. Finally, KeyCorp boosted their price target on Gibraltar Industries from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, November 7th.

Gibraltar Industries Profile

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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.

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

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