Algert Global LLC Sells 473 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Algert Global LLC decreased its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,562 shares of the construction company’s stock after selling 473 shares during the quarter. Algert Global LLC’s holdings in Gibraltar Industries were worth $861,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Arizona State Retirement System lifted its position in shares of Gibraltar Industries by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 8,523 shares of the construction company’s stock worth $584,000 after buying an additional 158 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Gibraltar Industries by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock worth $1,049,000 after buying an additional 200 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of Gibraltar Industries by 10.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,559 shares of the construction company’s stock worth $244,000 after buying an additional 340 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in shares of Gibraltar Industries by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 26,637 shares of the construction company’s stock worth $2,145,000 after buying an additional 345 shares in the last quarter. Finally, Anchor Capital Advisors LLC lifted its position in shares of Gibraltar Industries by 2.1% during the 1st quarter. Anchor Capital Advisors LLC now owns 17,831 shares of the construction company’s stock worth $1,436,000 after buying an additional 364 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Up 1.9 %

Shares of ROCK stock opened at $71.34 on Friday. The company has a 50 day moving average of $68.47 and a 200-day moving average of $71.78. Gibraltar Industries, Inc. has a 12-month low of $59.66 and a 12-month high of $87.40. The firm has a market cap of $2.17 billion, a P/E ratio of 19.18 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Wednesday, July 31st. The construction company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The company had revenue of $353.00 million for the quarter, compared to analysts’ expectations of $373.60 million. During the same quarter in the previous year, the business earned $1.18 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities analysts expect that Gibraltar Industries, Inc. will post 4.6 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 2nd.

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.