Swedbank AB Lowers Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Swedbank AB lessened its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,076 shares of the construction company’s stock after selling 16,175 shares during the period. Swedbank AB owned about 0.88% of Gibraltar Industries worth $18,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Gibraltar Industries by 2.4% during the first quarter. Vanguard Group Inc. now owns 2,888,642 shares of the construction company’s stock valued at $232,622,000 after acquiring an additional 68,728 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Gibraltar Industries by 9,273.9% during the first quarter. Lazard Asset Management LLC now owns 2,156 shares of the construction company’s stock worth $173,000 after buying an additional 2,133 shares in the last quarter. Hancock Whitney Corp purchased a new position in shares of Gibraltar Industries in the first quarter worth about $558,000. NBW Capital LLC purchased a new stake in Gibraltar Industries during the 1st quarter valued at about $2,106,000. Finally, First Hawaiian Bank purchased a new stake in shares of Gibraltar Industries in the second quarter valued at approximately $584,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Gibraltar Industries Trading Down 2.2 %

Shares of ROCK stock opened at $72.18 on Wednesday. Gibraltar Industries, Inc. has a twelve month low of $61.92 and a twelve month high of $87.40. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 20.05 and a beta of 1.14. The company’s 50-day moving average price is $69.57 and its 200-day moving average price is $70.17.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.01. The company had revenue of $361.20 million for the quarter, compared to analyst estimates of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. Gibraltar Industries’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.38 EPS. As a group, equities research analysts predict that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd.

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.