UBS Asset Management Americas Inc. Sells 5,107 Shares of Gibraltar Industries, Inc. (ROCK)

UBS Asset Management Americas Inc. lessened its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 46.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,868 shares of the construction company’s stock after selling 5,107 shares during the period. UBS Asset Management Americas Inc.’s holdings in Gibraltar Industries were worth $209,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Profund Advisors LLC increased its holdings in Gibraltar Industries by 9.1% during the 2nd quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock valued at $205,000 after purchasing an additional 480 shares during the period. State of Alaska Department of Revenue increased its holdings in Gibraltar Industries by 78.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,238 shares of the construction company’s stock valued at $222,000 after purchasing an additional 2,748 shares during the period. GW&K Investment Management LLC increased its holdings in Gibraltar Industries by 33.7% during the 2nd quarter. GW&K Investment Management LLC now owns 6,770 shares of the construction company’s stock valued at $241,000 after purchasing an additional 1,705 shares during the period. Aperio Group LLC increased its holdings in Gibraltar Industries by 1.4% during the 2nd quarter. Aperio Group LLC now owns 7,200 shares of the construction company’s stock valued at $257,000 after purchasing an additional 101 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in Gibraltar Industries by 68.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,475 shares of the construction company’s stock valued at $373,000 after purchasing an additional 4,252 shares during the period.

A number of research analysts recently issued reports on ROCK shares. BidaskClub downgraded Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, KeyCorp restated a “buy” rating and set a $39.00 price target on shares of Gibraltar Industries in a report on Sunday, October 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $44.50.

Gibraltar Industries, Inc. (ROCK) opened at $33.00 on Monday. Gibraltar Industries, Inc. has a twelve month low of $25.61 and a twelve month high of $48.05. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1,045.71, a P/E ratio of 20.63 and a beta of 1.78.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. Gibraltar Industries had a return on equity of 10.77% and a net margin of 3.08%. The firm had revenue of $274.57 million for the quarter, compared to the consensus estimate of $275.80 million. During the same quarter in the prior year, the business earned $0.55 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. sell-side analysts expect that Gibraltar Industries, Inc. will post 1.55 earnings per share for the current fiscal year.

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Gibraltar Industries Profile

Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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