Universal Beteiligungs und Servicegesellschaft mbH Trims Stock Position in Gibraltar Industries, Inc. $ROCK

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 66.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,816 shares of the construction company’s stock after selling 15,372 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Gibraltar Industries were worth $491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROCK. Robeco Schweiz AG acquired a new position in shares of Gibraltar Industries in the third quarter valued at approximately $11,304,000. Qube Research & Technologies Ltd increased its stake in shares of Gibraltar Industries by 75.6% during the second quarter. Qube Research & Technologies Ltd now owns 184,555 shares of the construction company’s stock worth $10,889,000 after buying an additional 79,460 shares during the period. Man Group plc raised its holdings in Gibraltar Industries by 199.5% in the second quarter. Man Group plc now owns 100,308 shares of the construction company’s stock valued at $5,918,000 after acquiring an additional 66,820 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Gibraltar Industries by 253.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,919 shares of the construction company’s stock valued at $5,187,000 after acquiring an additional 63,028 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Gibraltar Industries by 150.5% in the first quarter. Jane Street Group LLC now owns 102,703 shares of the construction company’s stock worth $6,025,000 after acquiring an additional 61,702 shares during the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Performance

Shares of ROCK stock opened at $51.96 on Tuesday. The stock has a fifty day moving average price of $51.19 and a 200 day moving average price of $58.39. The stock has a market cap of $1.54 billion, a PE ratio of 649.58, a P/E/G ratio of 0.79 and a beta of 1.26. Gibraltar Industries, Inc. has a 1 year low of $42.86 and a 1 year high of $75.08.

Analysts Set New Price Targets

ROCK has been the subject of several recent analyst reports. Zacks Research cut Gibraltar Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. CJS Securities upgraded shares of Gibraltar Industries to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gibraltar Industries in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.

In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.