Intech Investment Management LLC Sells 364 Shares of Gibraltar Industries, Inc. $ROCK

Intech Investment Management LLC decreased its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 0.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 44,306 shares of the construction company’s stock after selling 364 shares during the period. Intech Investment Management LLC owned approximately 0.15% of Gibraltar Industries worth $2,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Gibraltar Industries in the 1st quarter valued at $36,000. GAMMA Investing LLC boosted its holdings in shares of Gibraltar Industries by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company’s stock valued at $47,000 after acquiring an additional 313 shares in the last quarter. State of Wyoming acquired a new stake in shares of Gibraltar Industries during the 1st quarter valued at $56,000. Smartleaf Asset Management LLC boosted its holdings in shares of Gibraltar Industries by 40.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company’s stock valued at $59,000 after acquiring an additional 288 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Gibraltar Industries by 29.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company’s stock valued at $67,000 after acquiring an additional 261 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Analysts Set New Price Targets

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

Gibraltar Industries Stock Performance

Shares of NASDAQ ROCK opened at $61.18 on Tuesday. The company has a market capitalization of $1.81 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 0.93 and a beta of 1.26. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $74.97. The company’s 50 day moving average price is $62.88 and its 200-day moving average price is $60.27.

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

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.