Deutsche Bank AG Reduces Holdings in Gibraltar Industries, Inc. $ROCK

Deutsche Bank AG trimmed its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,246 shares of the construction company’s stock after selling 2,584 shares during the period. Deutsche Bank AG owned 0.15% of Gibraltar Industries worth $2,537,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sterling Capital Management LLC raised its holdings in Gibraltar Industries by 645.1% in the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company’s stock worth $31,000 after buying an additional 458 shares during the last quarter. GAMMA Investing LLC grew its position in Gibraltar Industries by 63.1% during the first quarter. GAMMA Investing LLC now owns 809 shares of the construction company’s stock valued at $47,000 after buying an additional 313 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Gibraltar Industries by 29.4% in the first quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company’s stock worth $67,000 after purchasing an additional 261 shares during the period. Quarry LP lifted its holdings in shares of Gibraltar Industries by 41.5% in the fourth quarter. Quarry LP now owns 1,865 shares of the construction company’s stock worth $110,000 after buying an additional 547 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Gibraltar Industries in the fourth quarter worth $111,000. 98.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd.

Gibraltar Industries Trading Up 0.8%

ROCK opened at $62.92 on Wednesday. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $74.97. The firm has a market capitalization of $1.86 billion, a PE ratio of 15.09, a P/E/G ratio of 0.96 and a beta of 1.32. The firm has a 50 day moving average of $61.83 and a two-hundred day moving average of $60.24.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Wednesday, August 6th. The construction company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.03). Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. The firm had revenue of $309.50 million for the quarter, compared to analysts’ expectations of $381.40 million. During the same period last year, the firm earned $1.18 earnings per share. Gibraltar Industries’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

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.