Swiss National Bank Has $3.45 Million Position in Gibraltar Industries, Inc. $ROCK

Swiss National Bank cut its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,800 shares of the construction company’s stock after selling 1,100 shares during the quarter. Swiss National Bank owned about 0.20% of Gibraltar Industries worth $3,449,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ROCK. Wellington Management Group LLP increased its holdings in shares of 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 worth $90,769,000 after acquiring an additional 397,313 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 worth $33,604,000 after acquiring an additional 140,784 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of 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 worth $11,315,000 after acquiring an additional 82,965 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of 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 worth $4,938,000 after acquiring an additional 77,243 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Gibraltar Industries by 9,467.7% in the 1st quarter. GAMMA Investing LLC now owns 47,456 shares of the construction company’s stock valued at $2,784,000 after purchasing an additional 46,960 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Price Performance

ROCK opened at $62.29 on Thursday. The business has a fifty day simple moving average of $61.90 and a 200 day simple moving average of $60.25. The company has a market capitalization of $1.84 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 0.97 and a beta of 1.32. Gibraltar Industries, Inc. has a 1 year low of $48.96 and a 1 year high of $74.97.

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