BI Asset Management Fondsmaeglerselskab A S Has $49,000 Stake in Gibraltar Industries, Inc. $ROCK

Key Points

• BI Asset Management Fondsmaeglerselskab A S drastically reduced its stake in Gibraltar Industries by 89%, now owning just 829 shares worth $49,000.
• Despite a year-over-year revenue increase of 13.1%, Gibraltar Industries reported earnings of $1.13 per share, missing estimates by $0.03.
• Institutional investors control 98.39% of Gibraltar Industries' stock, indicating strong institutional interest in the company.

BI Asset Management Fondsmaeglerselskab A S decreased its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 89.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 829 shares of the construction company's stock after selling 6,674 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Gibraltar Industries were worth $49,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of Gibraltar Industries by 30.6% during the 1st quarter. Wellington Management Group LLP now owns 2,012,178 shares of the construction company's stock valued at $118,034,000 after buying an additional 471,108 shares during the period. Nuveen LLC purchased a new position in shares of Gibraltar Industries during the 1st quarter valued at $20,694,000. Invesco Ltd. grew its holdings in shares of Gibraltar Industries by 68.7% during the 1st quarter. Invesco Ltd. now owns 250,865 shares of the construction company's stock valued at $14,716,000 after acquiring an additional 102,150 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Gibraltar Industries by 76.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 192,098 shares of the construction company's stock valued at $11,315,000 after acquiring an additional 82,965 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Gibraltar Industries by 1,114.0% during the 1st quarter. Teacher Retirement System of Texas now owns 84,177 shares of the construction company's stock valued at $4,938,000 after acquiring an additional 77,243 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company's stock.

Gibraltar Industries Trading Down 1.3%

ROCK stock opened at $64.84 on Tuesday. Gibraltar Industries, Inc. has a 1 year low of $48.96 and a 1 year high of $74.97. The company has a fifty day simple moving average of $62.25 and a 200 day simple moving average of $60.35. The firm has a market cap of $1.91 billion, a PE ratio of 15.55, a PEG ratio of 1.01 and a beta of 1.32.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.03). Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. The business had revenue of $309.50 million during the quarter, compared to analyst estimates of $381.40 million. During the same period in the previous year, the firm posted $1.18 EPS. The firm's revenue for the quarter was up 13.1% on a year-over-year basis. As a group, analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS 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 report on Saturday, August 2nd.

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.

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