Universal Beteiligungs und Servicegesellschaft mbH Buys New Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the 1st quarter, Holdings Channel reports. The institutional investor bought 30,482 shares of the construction company’s stock, valued at approximately $1,788,000.

Several other hedge funds also recently added to or reduced their stakes in ROCK. Guidance Capital Inc. grew its stake in Gibraltar Industries by 15.2% during the 1st quarter. Guidance Capital Inc. now owns 8,674 shares of the construction company’s stock valued at $503,000 after purchasing an additional 1,142 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in Gibraltar Industries during the 1st quarter valued at about $1,388,000. Bailard Inc. grew its stake in Gibraltar Industries by 192.9% during the 1st quarter. Bailard Inc. now owns 10,253 shares of the construction company’s stock valued at $601,000 after purchasing an additional 6,753 shares during the last quarter. CWM LLC grew its stake in Gibraltar Industries by 488.3% during the 1st quarter. CWM LLC now owns 4,289 shares of the construction company’s stock valued at $252,000 after purchasing an additional 3,560 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Gibraltar Industries by 29.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company’s stock valued at $67,000 after purchasing an additional 261 shares during the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st.

Gibraltar Industries Stock Down 0.1%

Shares of ROCK stock opened at $66.64 on Thursday. The stock has a market cap of $1.97 billion, a PE ratio of 15.32 and a beta of 1.32. The business has a 50-day simple moving average of $61.05 and a 200-day simple moving average of $60.19. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $78.30.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. The business had revenue of $290.02 million during the quarter, compared to analysts’ expectations of $296.77 million. Gibraltar Industries had a return on equity of 13.39% and a net margin of 10.22%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. Sell-side analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Insider Transactions at Gibraltar Industries

In other Gibraltar Industries news, Director James B. Nish sold 2,670 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $57.58, for a total transaction of $153,738.60. Following the transaction, the director owned 13,148 shares in the company, valued at approximately $757,061.84. This represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

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.