KLP Kapitalforvaltning AS Has $342,000 Position in Gibraltar Industries, Inc. $ROCK

KLP Kapitalforvaltning AS trimmed its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,800 shares of the construction company’s stock after selling 600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Gibraltar Industries were worth $342,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Gibraltar Industries during the 1st quarter worth $36,000. GAMMA Investing LLC increased its holdings in shares of Gibraltar Industries by 63.1% in the first quarter. GAMMA Investing LLC now owns 809 shares of the construction company’s stock worth $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 first quarter worth about $56,000. Smartleaf Asset Management LLC lifted 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 purchasing an additional 288 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted 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 purchasing an additional 261 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Up 1.2%

NASDAQ ROCK opened at $67.11 on Monday. The firm’s 50 day moving average is $62.84 and its 200-day moving average is $60.38. The company has a market capitalization of $1.98 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $74.97.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Wednesday, August 6th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.03). Gibraltar Industries had a return on equity of 12.91% and a net margin of 10.08%.The business had revenue of $309.50 million for the quarter, compared to analyst estimates of $381.40 million. During the same quarter in the previous year, the company posted $1.18 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, sell-side analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on ROCK. Wall Street Zen downgraded shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Gibraltar Industries in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Gibraltar Industries from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Gibraltar Industries Company 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.