Amalgamated Bank Sells 317 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Amalgamated Bank reduced its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,314 shares of the construction company’s stock after selling 317 shares during the quarter. Amalgamated Bank’s holdings in Gibraltar Industries were worth $638,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Gibraltar Industries by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 2,819,914 shares of the construction company’s stock worth $222,717,000 after acquiring an additional 60,950 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Gibraltar Industries by 110.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,503 shares of the construction company’s stock worth $1,168,000 after purchasing an additional 7,627 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in shares of Gibraltar Industries by 27.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 34,006 shares of the construction company’s stock worth $2,331,000 after buying an additional 7,369 shares during the period. NBW Capital LLC purchased a new position in Gibraltar Industries in the 1st quarter valued at about $2,106,000. Finally, Swedbank AB grew its holdings in shares of Gibraltar Industries by 34.1% during the second quarter. Swedbank AB now owns 283,251 shares of the construction company’s stock worth $19,417,000 after buying an additional 71,951 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of 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 ROCK opened at $70.20 on Friday. The firm’s fifty day simple moving average is $69.27 and its 200-day simple moving average is $71.93. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 18.87 and a beta of 1.14. Gibraltar Industries, Inc. has a twelve month low of $59.66 and a twelve month high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Wednesday, July 31st. The construction company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The firm had revenue of $353.00 million during the quarter, compared to analysts’ expectations of $373.60 million. Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business earned $1.18 earnings per share. On average, analysts predict 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.