Ariadne Wealth Management LP Buys New Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Ariadne Wealth Management LP purchased a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,157 shares of the construction company’s stock, valued at approximately $285,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of Gibraltar Industries during the 2nd quarter worth $39,000. nVerses Capital LLC purchased a new stake in Gibraltar Industries during the 2nd quarter worth about $55,000. Quarry LP boosted its position in shares of Gibraltar Industries by 428.9% during the 2nd quarter. Quarry LP now owns 989 shares of the construction company’s stock worth $68,000 after acquiring an additional 802 shares in the last quarter. Point72 DIFC Ltd increased its holdings in shares of Gibraltar Industries by 92.1% in the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock valued at $91,000 after acquiring an additional 637 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Gibraltar Industries by 9,273.9% during the 1st quarter. Lazard Asset Management LLC now owns 2,156 shares of the construction company’s stock worth $173,000 after acquiring an additional 2,133 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Gibraltar Industries Trading Down 0.4 %

Shares of Gibraltar Industries stock opened at $69.93 on Tuesday. The company has a fifty day simple moving average of $69.10 and a 200-day simple moving average of $71.87. Gibraltar Industries, Inc. has a 12-month low of $59.66 and a 12-month high of $87.40. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 18.80 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last released 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). Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. The company had revenue of $353.00 million during the quarter, compared to analyst estimates of $373.60 million. During the same quarter in the prior year, the company earned $1.18 EPS. The business’s revenue was down 3.3% on a year-over-year basis. On average, analysts forecast that Gibraltar Industries, Inc. will post 4.6 earnings per share 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.