Hudson Edge Investment Partners Inc. Takes $495,000 Position in Gibraltar Industries, Inc. $ROCK

Key Points

• Hudson Edge Investment Partners Inc. acquired a new stake in Gibraltar Industries, purchasing 8,395 shares valued at approximately $495,000 during the second quarter.
• Gibraltar Industries' recent earnings report showed an EPS of $1.13, slightly missing the consensus estimate of $1.16, with revenue of $309.50 million compared to expectations of $381.40 million.
• Analysts have downgraded the stock from a "buy" to a "hold" and a "strong sell," indicating a current average rating of "Sell."

Hudson Edge Investment Partners Inc. purchased a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,395 shares of the construction company's stock, valued at approximately $495,000.

A number of other hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in shares of Gibraltar Industries by 29.4% in the first quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company's stock valued at $67,000 after buying an additional 261 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Gibraltar Industries by 40.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company's stock worth $59,000 after purchasing an additional 288 shares in the last quarter. GAMMA Investing LLC increased its position in Gibraltar Industries by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock worth $47,000 after purchasing an additional 313 shares in the last quarter. Federated Hermes Inc. increased its position in Gibraltar Industries by 1.4% during the 1st quarter. Federated Hermes Inc. now owns 22,289 shares of the construction company's stock worth $1,307,000 after purchasing an additional 318 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Gibraltar Industries during the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 98.39% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on ROCK shares. Wall Street Zen cut Gibraltar Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Zacks Research cut Gibraltar Industries from a "hold" rating to a "strong sell" rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".

Gibraltar Industries Price Performance

ROCK opened at $66.37 on Friday. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.01 and a beta of 1.30. The business has a 50-day moving average of $62.52 and a two-hundred day moving average of $60.06. Gibraltar Industries, Inc. has a 12 month low of $48.96 and a 12 month high of $74.97.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly 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 business had revenue of $309.50 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 EPS. Equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

About Gibraltar Industries

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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