UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,931 shares of the construction company’s stock after selling 1,695 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of Gibraltar Industries worth $5,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ROCK. SG Americas Securities LLC acquired a new position in shares of Gibraltar Industries in the second quarter valued at approximately $404,000. AlphaMark Advisors LLC boosted its holdings in shares of Gibraltar Industries by 4,456.0% during the second quarter. AlphaMark Advisors LLC now owns 4,556 shares of the construction company’s stock worth $312,000 after purchasing an additional 4,456 shares during the last quarter. Swedbank AB grew its position in shares of Gibraltar Industries by 34.1% in the second quarter. Swedbank AB now owns 283,251 shares of the construction company’s stock valued at $19,417,000 after purchasing an additional 71,951 shares during the period. Blue Trust Inc. increased its stake in Gibraltar Industries by 184,800.0% in the second quarter. Blue Trust Inc. now owns 5,547 shares of the construction company’s stock valued at $380,000 after purchasing an additional 5,544 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Gibraltar Industries by 12.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 13,594 shares of the construction company’s stock worth $932,000 after buying an additional 1,495 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.

Gibraltar Industries Stock Up 1.0 %

NASDAQ:ROCK opened at $70.02 on Thursday. Gibraltar Industries, Inc. has a fifty-two week low of $61.92 and a fifty-two week high of $87.40. The firm’s 50 day moving average is $69.70 and its two-hundred day moving average is $69.98. The company has a market cap of $2.12 billion, a P/E ratio of 19.45 and a beta of 1.15.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. The firm had revenue of $361.20 million for the quarter, compared to analysts’ expectations of $360.43 million. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 earnings per share. Research analysts forecast that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd.

Gibraltar Industries 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.