Gibraltar Industries, Inc. $ROCK Stake Cut by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,114 shares of the construction company’s stock after selling 224 shares during the quarter. Yousif Capital Management LLC’s holdings in Gibraltar Industries were worth $656,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ROCK. Brooklyn Investment Group bought a new stake in Gibraltar Industries in the first quarter valued at $36,000. GAMMA Investing LLC lifted its stake in Gibraltar Industries by 63.1% in 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 last quarter. State of Wyoming bought a new stake in Gibraltar Industries in the first quarter valued at $56,000. Smartleaf Asset Management LLC lifted its stake in Gibraltar Industries by 40.6% in the first quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company’s stock valued at $59,000 after buying an additional 288 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Gibraltar Industries by 29.4% in the first quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company’s stock valued at $67,000 after buying an additional 261 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ROCK shares. Wall Street Zen cut Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Zacks Research lowered Gibraltar Industries from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Gibraltar Industries in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Gibraltar Industries currently has an average rating of “Reduce”.

Gibraltar Industries Stock Down 6.8%

NASDAQ:ROCK opened at $69.49 on Thursday. The business’s 50-day moving average price is $63.48 and its 200 day moving average price is $60.67. The firm has a market cap of $2.05 billion, a P/E ratio of 16.66, a PEG ratio of 1.17 and a beta of 1.30. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $75.08.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results 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 firm had revenue of $309.50 million for the quarter, compared to analyst estimates of $381.40 million. Gibraltar Industries had a return on equity of 12.91% and a net margin of 10.08%.Gibraltar Industries’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 earnings per share. Sell-side analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

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.