30,482 Shares in Gibraltar Industries, Inc. (NASDAQ:ROCK) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 30,482 shares of the construction company’s stock, valued at approximately $1,788,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Gibraltar Industries at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ROCK. Wellington Management Group LLP grew its holdings in Gibraltar Industries by 34.7% during the 4th quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company’s stock valued at $90,769,000 after buying an additional 397,313 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Gibraltar Industries by 32.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 570,520 shares of the construction company’s stock valued at $33,604,000 after buying an additional 140,784 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Gibraltar Industries by 52.8% during the 4th quarter. Renaissance Technologies LLC now owns 260,465 shares of the construction company’s stock valued at $15,341,000 after buying an additional 90,000 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Gibraltar Industries by 76.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 192,098 shares of the construction company’s stock valued at $11,315,000 after buying an additional 82,965 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Gibraltar Industries by 1,114.0% during the 1st quarter. Teacher Retirement System of Texas now owns 84,177 shares of the construction company’s stock valued at $4,938,000 after buying an additional 77,243 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Performance

Shares of ROCK stock opened at $66.64 on Thursday. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $78.30. The firm has a market capitalization of $1.97 billion, a P/E ratio of 15.32 and a beta of 1.32. The stock has a 50 day moving average price of $61.05 and a 200 day moving average price of $60.19.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. Gibraltar Industries had a return on equity of 13.39% and a net margin of 10.22%. The firm had revenue of $290.02 million during the quarter, compared to analyst estimates of $296.77 million. During the same period last year, the company earned $0.80 EPS. Gibraltar Industries’s quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st.

Insiders Place Their Bets

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of Gibraltar Industries stock in a transaction on Monday, May 5th. The stock was sold at an average price of $58.21, for a total transaction of $68,222.12. Following the completion of the sale, the director directly owned 11,976 shares of the company’s stock, valued at $697,122.96. The trade was a 8.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

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.