First Eagle Investment Management LLC lowered its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) by 6.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,415 shares of the construction company’s stock after selling 6,000 shares during the quarter. First Eagle Investment Management LLC owned 0.29% of Gibraltar Industries worth $6,061,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in ROCK. Hsbc Holdings PLC increased its holdings in shares of Gibraltar Industries by 47.6% in the 2nd quarter. Hsbc Holdings PLC now owns 18,123 shares of the construction company’s stock valued at $1,242,000 after purchasing an additional 5,842 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Gibraltar Industries by 18.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,786 shares of the construction company’s stock valued at $876,000 after buying an additional 2,002 shares in the last quarter. American Century Companies Inc. increased its holdings in Gibraltar Industries by 8.5% in the second quarter. American Century Companies Inc. now owns 61,313 shares of the construction company’s stock valued at $4,203,000 after buying an additional 4,796 shares in the last quarter. Van Hulzen Asset Management LLC lifted its position in shares of Gibraltar Industries by 8.0% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 29,207 shares of the construction company’s stock valued at $2,002,000 after acquiring an additional 2,156 shares during the period. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Gibraltar Industries by 27.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 34,006 shares of the construction company’s stock worth $2,331,000 after acquiring an additional 7,369 shares in the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.
Gibraltar Industries Stock Down 3.6 %
NASDAQ:ROCK opened at $71.37 on Friday. Gibraltar Industries, Inc. has a 52-week low of $59.66 and a 52-week high of $87.40. The stock has a fifty day simple moving average of $70.06 and a 200-day simple moving average of $72.20. The company has a market capitalization of $2.18 billion, a PE ratio of 19.19 and a beta of 1.14.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 2nd.
Get Our Latest Research Report on ROCK
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.
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