AXQ Capital LP Acquires New Stake in Gibraltar Industries, Inc. $ROCK

AXQ Capital LP bought a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,252 shares of the construction company’s stock, valued at approximately $310,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROCK. Brooklyn Investment Group acquired a new position in shares of Gibraltar Industries during the 1st quarter valued at $36,000. State of Wyoming bought a new position in Gibraltar Industries during the first quarter valued at about $56,000. Smartleaf Asset Management LLC grew its holdings in Gibraltar Industries by 40.6% during the first quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company’s stock worth $59,000 after acquiring an additional 288 shares during the period. AlphaQuest LLC raised its position in Gibraltar Industries by 34.5% in the second quarter. AlphaQuest LLC now owns 2,251 shares of the construction company’s stock worth $133,000 after acquiring an additional 577 shares in the last quarter. Finally, Atria Investments Inc acquired a new stake in Gibraltar Industries in the 2nd quarter valued at about $218,000. 98.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ROCK. Zacks Research upgraded shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Wall Street Zen lowered shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings lowered shares of Gibraltar Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Gibraltar Industries presently has an average rating of “Reduce”.

Gibraltar Industries Trading Up 1.5%

Shares of ROCK stock opened at $48.14 on Tuesday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.05 and a beta of 1.27. Gibraltar Industries, Inc. has a 1-year low of $42.86 and a 1-year high of $75.08. The stock’s fifty day simple moving average is $61.86 and its 200-day simple moving average is $61.62.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). The business had revenue of $310.94 million for the quarter, compared to analyst estimates of $317.50 million. Gibraltar Industries had a return on equity of 12.91% and a net margin of 10.08%.The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 earnings per share. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. On average, sell-side analysts predict 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.