Geode Capital Management LLC Sells 8,519 Shares of Gibraltar Industries, Inc. $ROCK

Geode Capital Management LLC lowered its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 863,978 shares of the construction company’s stock after selling 8,519 shares during the period. Geode Capital Management LLC owned approximately 2.93% of Gibraltar Industries worth $50,980,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ROCK. Brooklyn Investment Group bought a new position in Gibraltar Industries during the 1st quarter worth approximately $36,000. State of Wyoming purchased a new stake in shares of Gibraltar Industries during the first quarter valued at approximately $56,000. Smartleaf Asset Management LLC grew its holdings in shares of Gibraltar Industries by 40.6% in the first quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company’s stock worth $59,000 after purchasing an additional 288 shares during the last quarter. AlphaQuest LLC increased its stake in shares of 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 buying an additional 577 shares during the period. Finally, Atria Investments Inc purchased a new position in shares of Gibraltar Industries in the second quarter worth $218,000. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ROCK has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Gibraltar Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Wall Street Zen cut Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Zacks Research upgraded Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

Gibraltar Industries Price Performance

Shares of ROCK opened at $48.14 on Tuesday. The company has a 50-day simple moving average of $61.86 and a two-hundred day simple moving average of $61.62. The firm has a market capitalization of $1.42 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.05 and a beta of 1.27. Gibraltar Industries, Inc. has a one year low of $42.86 and a one year high of $75.08.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Thursday, October 30th. The construction company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). The firm had revenue of $310.94 million for the quarter, compared to analysts’ expectations of $317.50 million. Gibraltar Industries had a return on equity of 12.91% and a net margin of 10.08%.The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $1.27 EPS. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. Analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

About Gibraltar Industries

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.