Hancock Whitney Corp lowered its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) by 13.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,970 shares of the construction company’s stock after selling 964 shares during the quarter. Hancock Whitney Corp’s holdings in Gibraltar Industries were worth $409,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Sei Investments Co. boosted its position in Gibraltar Industries by 107.0% during the 2nd quarter. Sei Investments Co. now owns 22,306 shares of the construction company’s stock valued at $1,529,000 after buying an additional 11,528 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Gibraltar Industries by 14.6% during the second quarter. Pacer Advisors Inc. now owns 1,084,170 shares of the construction company’s stock worth $74,320,000 after purchasing an additional 138,194 shares during the period. Intech Investment Management LLC bought a new stake in shares of Gibraltar Industries in the second quarter worth about $770,000. Inspire Investing LLC grew its stake in shares of Gibraltar Industries by 15.1% in the second quarter. Inspire Investing LLC now owns 5,140 shares of the construction company’s stock worth $352,000 after purchasing an additional 673 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in Gibraltar Industries by 47.6% during 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 during the period. Hedge funds and other institutional investors own 98.39% of the company’s stock.
Gibraltar Industries Stock Down 0.6 %
NASDAQ:ROCK opened at $70.93 on Tuesday. The firm’s fifty day simple moving average is $69.95 and its 200 day simple moving average is $72.09. The stock has a market cap of $2.16 billion, a P/E ratio of 19.07 and a beta of 1.14. Gibraltar Industries, Inc. has a twelve month low of $59.66 and a twelve month high of $87.40.
Analyst Ratings Changes
Separately, StockNews.com cut Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, August 2nd.
Read Our Latest Analysis on Gibraltar Industries
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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