Seaport Res Ptn Weighs in on Gibraltar Industries, Inc.’s Q3 2024 Earnings (NASDAQ:ROCK)

Gibraltar Industries, Inc. (NASDAQ:ROCK) – Equities researchers at Seaport Res Ptn lowered their Q3 2024 earnings per share estimates for shares of Gibraltar Industries in a research report issued on Monday, October 14th. Seaport Res Ptn analyst W. Liptak now forecasts that the construction company will post earnings of $1.26 per share for the quarter, down from their prior estimate of $1.39. The consensus estimate for Gibraltar Industries’ current full-year earnings is $4.60 per share. Seaport Res Ptn also issued estimates for Gibraltar Industries’ FY2024 earnings at $4.18 EPS, Q1 2025 earnings at $0.94 EPS, Q3 2025 earnings at $1.46 EPS and FY2025 earnings at $4.86 EPS.

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday.

Gibraltar Industries Trading Up 0.2 %

NASDAQ ROCK opened at $67.35 on Tuesday. The stock’s 50 day moving average is $68.17 and its 200 day moving average is $71.14. Gibraltar Industries has a 12 month low of $59.66 and a 12 month high of $87.40. The stock has a market cap of $2.05 billion, a PE ratio of 18.10 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Wednesday, July 31st. The construction company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The business had revenue of $353.00 million during the quarter, compared to analysts’ expectations of $373.60 million. During the same period in the prior year, the firm posted $1.18 earnings per share. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis.

Institutional Trading of Gibraltar Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of ROCK. Arizona State Retirement System increased its stake in shares of Gibraltar Industries by 1.9% during the second quarter. Arizona State Retirement System now owns 8,523 shares of the construction company’s stock valued at $584,000 after buying an additional 158 shares during the period. GAMMA Investing LLC boosted its holdings in Gibraltar Industries by 30.6% in the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after acquiring an additional 170 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Gibraltar Industries by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock worth $1,049,000 after purchasing an additional 200 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of Gibraltar Industries by 10.6% during the second quarter. Evergreen Capital Management LLC now owns 3,559 shares of the construction company’s stock worth $244,000 after purchasing an additional 340 shares during the period. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of Gibraltar Industries by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 26,637 shares of the construction company’s stock worth $2,145,000 after purchasing an additional 345 shares during the period. Hedge funds and other institutional investors own 98.39% of the company’s stock.

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.