Atria Investments Inc Raises Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Atria Investments Inc boosted its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 14.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,085 shares of the construction company’s stock after purchasing an additional 528 shares during the quarter. Atria Investments Inc’s holdings in Gibraltar Industries were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROCK. Arizona State Retirement System increased its position in shares of Gibraltar Industries by 1.9% in the second quarter. Arizona State Retirement System now owns 8,523 shares of the construction company’s stock worth $584,000 after acquiring an additional 158 shares in the last quarter. GAMMA Investing LLC boosted its position in Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after purchasing an additional 170 shares during the period. Louisiana State Employees Retirement System increased its holdings in Gibraltar Industries by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock valued at $1,049,000 after purchasing an additional 200 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Gibraltar Industries by 1.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,805 shares of the construction company’s stock valued at $965,000 after purchasing an additional 211 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock valued at $27,000 after purchasing an additional 277 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.

Gibraltar Industries Stock Up 1.9 %

Shares of NASDAQ:ROCK opened at $71.03 on Friday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 19.73 and a beta of 1.14. The company has a 50 day moving average of $69.49 and a two-hundred day moving average of $70.21. Gibraltar Industries, Inc. has a 52-week low of $61.92 and a 52-week high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The business had revenue of $361.20 million during the quarter, compared to analyst estimates of $360.43 million. During the same period last year, the business earned $1.38 EPS. The business’s revenue was down 7.6% on a year-over-year basis. On average, equities analysts anticipate that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd.

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.