Gibraltar Industries, Inc. (NASDAQ:ROCK) Stock Holdings Trimmed by Systematic Financial Management LP

Systematic Financial Management LP reduced its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,035 shares of the construction company’s stock after selling 5,450 shares during the quarter. Systematic Financial Management LP’s holdings in Gibraltar Industries were worth $7,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in Gibraltar Industries by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 322,710 shares of the construction company’s stock valued at $22,122,000 after buying an additional 2,106 shares during the last quarter. Millennium Management LLC increased its holdings in Gibraltar Industries by 196.4% in the second quarter. Millennium Management LLC now owns 123,438 shares of the construction company’s stock valued at $8,462,000 after buying an additional 81,791 shares during the last quarter. AQR Capital Management LLC increased its holdings in Gibraltar Industries by 18.7% in the second quarter. AQR Capital Management LLC now owns 23,430 shares of the construction company’s stock valued at $1,606,000 after buying an additional 3,697 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Gibraltar Industries in the second quarter valued at about $961,000. Finally, Cubist Systematic Strategies LLC increased its holdings in Gibraltar Industries by 1,336.4% in the second quarter. Cubist Systematic Strategies LLC now owns 68,159 shares of the construction company’s stock valued at $4,672,000 after buying an additional 63,414 shares during the last quarter. 98.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, August 2nd.

Gibraltar Industries Trading Up 1.5 %

Shares of NASDAQ ROCK opened at $70.20 on Monday. The stock has a 50 day simple moving average of $69.27 and a 200-day simple moving average of $71.90. The company has a market cap of $2.14 billion, a PE ratio of 18.87 and a beta of 1.14. Gibraltar Industries, Inc. has a 12-month low of $59.66 and a 12-month high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Wednesday, July 31st. The construction company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). The business had revenue of $353.00 million for the quarter, compared to analyst estimates of $373.60 million. Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 earnings per share. Sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.6 earnings per share for the current fiscal year.

Gibraltar Industries 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.