Bank of New York Mellon Corp Cuts Stock Holdings in Gibraltar Industries, Inc. $ROCK

Bank of New York Mellon Corp lessened its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 15.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 203,147 shares of the construction company’s stock after selling 36,724 shares during the period. Bank of New York Mellon Corp’s holdings in Gibraltar Industries were worth $11,986,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC raised its stake in 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 buying an additional 288 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Gibraltar Industries by 1.4% in the 1st quarter. Federated Hermes Inc. now owns 22,289 shares of the construction company’s stock valued at $1,307,000 after acquiring an additional 318 shares during the period. AlphaQuest LLC raised its position in shares of Gibraltar Industries by 34.5% in the 2nd quarter. AlphaQuest LLC now owns 2,251 shares of the construction company’s stock worth $133,000 after acquiring an additional 577 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Gibraltar Industries during the 1st quarter worth $36,000. Finally, Inspire Investing LLC boosted its position in Gibraltar Industries by 11.8% during the second quarter. Inspire Investing LLC now owns 6,561 shares of the construction company’s stock valued at $387,000 after purchasing an additional 693 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors.

Gibraltar Industries Stock Up 0.2%

ROCK stock opened at $47.24 on Wednesday. The stock has a market capitalization of $1.40 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.05 and a beta of 1.27. Gibraltar Industries, Inc. has a 52 week low of $46.16 and a 52 week high of $75.08. The firm has a 50 day moving average of $63.07 and a 200 day moving average of $61.93.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). The company had revenue of $310.94 million during 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 company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. On average, equities research analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Gibraltar Industries in a research report on Friday, October 31st. Zacks Research raised shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen downgraded shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.