Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Bought by Point72 DIFC Ltd

Point72 DIFC Ltd boosted its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 92.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,329 shares of the construction company’s stock after buying an additional 637 shares during the quarter. Point72 DIFC Ltd’s holdings in Gibraltar Industries were worth $91,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Gibraltar Industries by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 2,819,914 shares of the construction company’s stock worth $222,717,000 after buying an additional 60,950 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Gibraltar Industries by 110.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,503 shares of the construction company’s stock worth $1,168,000 after buying an additional 7,627 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Gibraltar Industries by 27.7% in the 2nd quarter. Texas Permanent School Fund Corp now owns 34,006 shares of the construction company’s stock worth $2,331,000 after acquiring an additional 7,369 shares during the period. Intech Investment Management LLC bought a new position in shares of Gibraltar Industries in the second quarter valued at approximately $770,000. Finally, NBW Capital LLC acquired a new position in shares of Gibraltar Industries during the first quarter valued at approximately $2,106,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analysts Set New Price Targets

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

Gibraltar Industries Stock Up 1.1 %

ROCK opened at $70.71 on Wednesday. Gibraltar Industries, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $87.40. The firm has a market cap of $2.16 billion, a PE ratio of 19.01 and a beta of 1.14. The business has a fifty day simple moving average of $68.92 and a 200-day simple moving average of $71.83.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Wednesday, July 31st. The construction company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.08). Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The firm had revenue of $353.00 million during the quarter, compared to analyst estimates of $373.60 million. During the same quarter in the previous year, the business earned $1.18 earnings per share. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.6 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.