Universal Beteiligungs und Servicegesellschaft mbH Reduces Position in Gibraltar Industries, Inc. $ROCK

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 66.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,816 shares of the construction company’s stock after selling 15,372 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Gibraltar Industries were worth $491,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Gibraltar Industries by 0.4% in the second quarter. State Street Corp now owns 1,287,811 shares of the construction company’s stock worth $75,981,000 after buying an additional 5,207 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Gibraltar Industries by 2.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 505,230 shares of the construction company’s stock worth $30,819,000 after purchasing an additional 14,009 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Gibraltar Industries by 8.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 414,154 shares of the construction company’s stock worth $24,435,000 after purchasing an additional 32,624 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Gibraltar Industries by 26.5% during the first quarter. Goldman Sachs Group Inc. now owns 194,359 shares of the construction company’s stock worth $11,401,000 after purchasing an additional 40,656 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Gibraltar Industries by 75.6% during the second quarter. Qube Research & Technologies Ltd now owns 184,555 shares of the construction company’s stock valued at $10,889,000 after purchasing an additional 79,460 shares during the period. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Up 1.4%

Gibraltar Industries stock opened at $51.96 on Tuesday. Gibraltar Industries, Inc. has a twelve month low of $42.86 and a twelve month high of $75.08. The business has a fifty day moving average of $51.19 and a two-hundred day moving average of $58.39. The firm has a market cap of $1.54 billion, a P/E ratio of 649.58, a P/E/G ratio of 0.79 and a beta of 1.26.

Wall Street Analysts Forecast Growth

ROCK has been the topic of a number of research analyst reports. CJS Securities upgraded shares of Gibraltar Industries to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research cut Gibraltar Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gibraltar Industries in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Gibraltar Industries Profile

Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.

In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.