Trexquant Investment LP Has $3.47 Million Stock Position in Gibraltar Industries, Inc. $ROCK

Key Points

• Trexquant Investment LP increased its holdings in Gibraltar Industries by 390.9% in the first quarter, owning approximately 0.20% of the company valued at $3.47 million.
• Gibraltar Industries reported a net margin of 10.08% and earnings per share of $1.13, missing analysts' expectations, with revenue up by 13.1% year-over-year.
• The company's stock has seen a 3.1% decline recently, with a current market cap of $1.79 billion and a recent price-to-earnings ratio of 14.54.

Trexquant Investment LP raised its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 390.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 59,217 shares of the construction company's stock after acquiring an additional 47,153 shares during the period. Trexquant Investment LP owned about 0.20% of Gibraltar Industries worth $3,474,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Gibraltar Industries in the 1st quarter valued at approximately $36,000. GAMMA Investing LLC raised its stake in Gibraltar Industries by 63.1% in the 1st 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 period. Smartleaf Asset Management LLC raised its stake in Gibraltar Industries by 40.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company's stock valued at $59,000 after acquiring an additional 288 shares during the period. Nisa Investment Advisors LLC raised its stake in Gibraltar Industries by 29.4% in 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. Finally, Lazard Asset Management LLC bought a new position in shares of Gibraltar Industries in the fourth quarter worth $111,000. Institutional investors own 98.39% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Gibraltar Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

Gibraltar Industries Stock Down 0.5%

Shares of ROCK stock traded down $0.33 during mid-day trading on Friday, reaching $61.74. 146,158 shares of the stock traded hands, compared to its average volume of 205,570. The stock's fifty day simple moving average is $62.86 and its two-hundred day simple moving average is $60.52. Gibraltar Industries, Inc. has a 1-year low of $48.96 and a 1-year high of $74.97. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 0.95 and a beta of 1.26.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.13 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.03). Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. The firm had revenue of $309.50 million for the quarter, compared to analyst estimates of $381.40 million. During the same period in the previous year, the business posted $1.18 earnings per share. The business's revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

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.