Corebridge Financial Inc. Sells 314 Shares of Gibraltar Industries, Inc. $ROCK

Corebridge Financial Inc. reduced its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,963 shares of the construction company’s stock after selling 314 shares during the period. Corebridge Financial Inc. owned about 0.05% of Gibraltar Industries worth $936,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ROCK. Northern Trust Corp increased its holdings in shares of Gibraltar Industries by 9.7% during the fourth quarter. Northern Trust Corp now owns 366,987 shares of the construction company’s stock worth $21,616,000 after buying an additional 32,520 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its position in Gibraltar Industries by 24.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 14,540 shares of the construction company’s stock worth $856,000 after acquiring an additional 2,820 shares during the last quarter. Comerica Bank increased its holdings in Gibraltar Industries by 70.4% during the 4th quarter. Comerica Bank now owns 22,532 shares of the construction company’s stock valued at $1,327,000 after purchasing an additional 9,310 shares in the last quarter. BNP Paribas Financial Markets raised its position in Gibraltar Industries by 66.0% in the 4th quarter. BNP Paribas Financial Markets now owns 39,381 shares of the construction company’s stock valued at $2,320,000 after purchasing an additional 15,658 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in Gibraltar Industries by 298.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 34,897 shares of the construction company’s stock valued at $2,055,000 after purchasing an additional 26,149 shares during the last quarter. 98.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Gibraltar Industries Stock Performance

NASDAQ:ROCK opened at $61.74 on Friday. The stock’s fifty day moving average price is $62.86 and its two-hundred day moving average price is $60.55. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $74.97. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 0.96 and a beta of 1.26.

Gibraltar Industries (NASDAQ:ROCK) last released 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). The firm had revenue of $309.50 million during the quarter, compared to analyst estimates of $381.40 million. Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the business posted $1.18 earnings per share. On average, equities analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Gibraltar Industries 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.