Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,482 shares of the construction company's stock, valued at approximately $1,788,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Gibraltar Industries as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC increased its position in Gibraltar Industries by 645.1% during the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock worth $31,000 after buying an additional 458 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Gibraltar Industries by 63.1% during the first quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock valued at $47,000 after acquiring an additional 313 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Gibraltar Industries by 29.4% during the first quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company's stock valued at $67,000 after acquiring an additional 261 shares during the last quarter. Quarry LP increased its position in Gibraltar Industries by 41.5% during the 4th quarter. Quarry LP now owns 1,865 shares of the construction company's stock worth $110,000 after purchasing an additional 547 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Gibraltar Industries in the 4th quarter valued at about $111,000. Institutional investors and hedge funds own 98.39% of the company's stock.
Insiders Place Their Bets
In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $58.21, for a total value of $68,222.12. Following the sale, the director directly owned 11,976 shares of the company's stock, valued at approximately $697,122.96. This trade represents a 8.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company's stock.
Gibraltar Industries Stock Performance
NASDAQ ROCK traded down $1.71 during mid-day trading on Friday, reaching $64.32. 224,223 shares of the stock were exchanged, compared to its average volume of 187,816. The stock has a market capitalization of $1.90 billion, a PE ratio of 14.79, a PEG ratio of 0.88 and a beta of 1.32. Gibraltar Industries, Inc. has a 1-year low of $48.96 and a 1-year high of $74.97. The business's fifty day simple moving average is $61.28 and its 200 day simple moving average is $60.27.
Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. The business had revenue of $290.02 million for 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 business's revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. On average, analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a report on Saturday.
Read Our Latest Stock Analysis on Gibraltar Industries
Gibraltar Industries Company Profile
(
Free Report)
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.
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