American Century Companies Inc. Cuts Stake in Gibraltar Industries, Inc. $ROCK

American Century Companies Inc. cut its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 26.5% during the second quarter, HoldingsChannel.com reports. The firm owned 55,451 shares of the construction company’s stock after selling 19,992 shares during the period. American Century Companies Inc.’s holdings in Gibraltar Industries were worth $3,272,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP grew its stake in Gibraltar Industries by 30.6% during the 1st quarter. Wellington Management Group LLP now owns 2,012,178 shares of the construction company’s stock worth $118,034,000 after buying an additional 471,108 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Gibraltar Industries by 2.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 505,230 shares of the construction company’s stock valued at $30,819,000 after buying an additional 14,009 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Gibraltar Industries by 57.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 479,894 shares of the construction company’s stock worth $28,151,000 after acquiring an additional 175,769 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Gibraltar Industries by 5.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 454,723 shares of the construction company’s stock worth $26,674,000 after acquiring an additional 23,308 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Gibraltar Industries during the first quarter worth about $20,694,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ROCK shares. Zacks Research raised shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of Gibraltar Industries in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Gibraltar Industries Price Performance

ROCK opened at $49.13 on Tuesday. The firm has a fifty day moving average price of $59.53 and a 200 day moving average price of $60.82. Gibraltar Industries, Inc. has a 1 year low of $42.86 and a 1 year high of $75.08. The stock has a market cap of $1.45 billion, a P/E ratio of 614.20, a P/E/G ratio of 0.79 and a beta of 1.28.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $317.50 million. Gibraltar Industries had a net margin of 0.35% and a return on equity of 12.58%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 EPS. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. Equities analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current 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.