Contravisory Investment Management Inc. Raises Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Contravisory Investment Management Inc. lifted its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1,755.2% during the first quarter, HoldingsChannel reports. The firm owned 3,228 shares of the construction company’s stock after purchasing an additional 3,054 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Gibraltar Industries were worth $260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd raised its position in shares of Gibraltar Industries by 13,540.0% in the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock valued at $46,000 after purchasing an additional 677 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Gibraltar Industries by 26.3% in the 4th quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock worth $53,000 after acquiring an additional 139 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Gibraltar Industries during the 4th quarter valued at approximately $57,000. TFO Wealth Partners LLC lifted its stake in Gibraltar Industries by 243,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,434 shares of the construction company’s stock worth $192,000 after purchasing an additional 2,433 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in Gibraltar Industries in the fourth quarter worth $203,000. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 29th.

Gibraltar Industries Trading Up 0.8 %

Shares of Gibraltar Industries stock opened at $69.70 on Monday. Gibraltar Industries, Inc. has a twelve month low of $57.28 and a twelve month high of $87.40. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 18.74 and a beta of 1.19. The business’s 50 day simple moving average is $72.28 and its 200-day simple moving average is $76.63.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Wednesday, May 1st. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Gibraltar Industries had a return on equity of 14.39% and a net margin of 8.31%. The company had revenue of $292.51 million for the quarter, compared to analysts’ expectations of $296.29 million. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the business posted $0.70 earnings per share. Sell-side analysts predict that Gibraltar Industries, Inc. will post 4.79 earnings per share for the current year.

Gibraltar Industries Company 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.