Captrust Financial Advisors Purchases 1,995 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Captrust Financial Advisors lifted its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 48.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,091 shares of the construction company’s stock after purchasing an additional 1,995 shares during the period. Captrust Financial Advisors’ holdings in Gibraltar Industries were worth $426,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. 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 worth $27,000 after acquiring an additional 277 shares during the period. Innealta Capital LLC purchased a new position in Gibraltar Industries during the second quarter valued at approximately $39,000. GAMMA Investing LLC grew its stake in Gibraltar Industries by 30.6% during the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock valued at $51,000 after acquiring an additional 170 shares in the last quarter. nVerses Capital LLC purchased a new position in Gibraltar Industries in the 2nd quarter worth approximately $55,000. Finally, Quarry LP grew its stake in Gibraltar Industries by 428.9% in the 2nd quarter. Quarry LP now owns 989 shares of the construction company’s stock worth $68,000 after buying an additional 802 shares in the last quarter. 98.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Gibraltar Industries Price Performance

ROCK stock opened at $68.28 on Friday. Gibraltar Industries, Inc. has a one year low of $61.92 and a one year high of $87.40. The stock has a market cap of $2.07 billion, a PE ratio of 18.97 and a beta of 1.15. The firm has a 50 day simple moving average of $69.67 and a two-hundred day simple moving average of $69.97.

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

Gibraltar Industries 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.