Universal Beteiligungs und Servicegesellschaft mbH Invests $1.79 Million in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the 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 about 0.10% of Gibraltar Industries as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Guidance Capital Inc. raised its holdings 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 acquiring an additional 1,142 shares during the period. Jackson Creek Investment Advisors LLC bought a new stake in Gibraltar Industries during the 1st quarter valued at $1,388,000. Bailard Inc. raised its holdings 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 acquiring an additional 6,753 shares during the period. CWM LLC raised its holdings 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 acquiring an additional 3,560 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings 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 acquiring an additional 261 shares during the period. Hedge funds and other institutional investors own 98.39% of the company's stock.

Gibraltar Industries Stock Performance

ROCK stock traded down $1.71 during midday trading on Friday, reaching $64.32. 224,223 shares of the company's stock traded hands, compared to its average volume of 266,600. The company has a 50-day moving average price of $61.18 and a two-hundred day moving average price of $60.24. Gibraltar Industries, Inc. has a 52 week low of $48.96 and a 52 week high of $74.97. The firm has a market capitalization of $1.90 billion, a PE ratio of 14.79 and a beta of 1.32.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a net margin of 10.22% and a return on equity of 13.39%. The firm had revenue of $290.02 million during the quarter, compared to the consensus estimate of $296.77 million. During the same period last year, the firm earned $0.80 EPS. The business's quarterly revenue was down .9% compared to the same quarter last year. As a group, analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Insider Buying and Selling

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $58.21, for a total value of $68,222.12. Following the completion of the transaction, the director directly owned 11,976 shares of the company's stock, valued at $697,122.96. This trade represents a 8.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

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.