Gibraltar Industries, Inc. $ROCK Stock Position Decreased by MetLife Investment Management LLC

MetLife Investment Management LLC lessened its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,401 shares of the construction company’s stock after selling 298 shares during the period. MetLife Investment Management LLC’s holdings in Gibraltar Industries were worth $1,079,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Gibraltar Industries during the 1st quarter valued at about $36,000. GAMMA Investing LLC grew its position in shares of Gibraltar Industries by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company’s stock valued at $47,000 after buying an additional 313 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Gibraltar Industries by 40.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company’s stock valued at $59,000 after buying an additional 288 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of 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 buying an additional 261 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Gibraltar Industries during the 4th quarter valued at about $111,000. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Trading Up 4.1%

NASDAQ ROCK opened at $62.07 on Friday. Gibraltar Industries, Inc. has a 52 week low of $48.96 and a 52 week high of $74.97. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.92 and a beta of 1.26. The company has a 50-day moving average price of $62.84 and a two-hundred day moving average price of $60.52.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Wednesday, August 6th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.03). Gibraltar Industries had a return on equity of 12.91% and a net margin of 10.08%.The firm had revenue of $309.50 million during the quarter, compared to the consensus estimate of $381.40 million. During the same quarter last year, the company posted $1.18 EPS. Gibraltar Industries’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, equities research analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd.

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.