Proficio Capital Partners LLC Invests $892,000 in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Proficio Capital Partners LLC bought a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,137 shares of the construction company’s stock, valued at approximately $892,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in Gibraltar Industries by 1,663.5% during the third quarter. FMR LLC now owns 726,667 shares of the construction company’s stock worth $50,816,000 after buying an additional 685,462 shares in the last quarter. Geode Capital Management LLC grew its holdings in Gibraltar Industries by 4.1% during the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company’s stock worth $58,676,000 after buying an additional 32,950 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Gibraltar Industries during the third quarter worth $792,000. Citigroup Inc. grew its holdings in Gibraltar Industries by 29.5% during the third quarter. Citigroup Inc. now owns 58,768 shares of the construction company’s stock worth $4,110,000 after buying an additional 13,392 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Gibraltar Industries by 8.2% during the third quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company’s stock worth $401,000 after buying an additional 445 shares in the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 20th.

Gibraltar Industries Trading Down 5.1 %

Shares of Gibraltar Industries stock opened at $60.89 on Friday. The company has a market capitalization of $1.85 billion, a P/E ratio of 13.62 and a beta of 1.20. The stock has a fifty day simple moving average of $62.71 and a 200 day simple moving average of $65.78. Gibraltar Industries, Inc. has a 12-month low of $55.31 and a 12-month high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. The firm had revenue of $302.06 million during the quarter, compared to the consensus estimate of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. On average, analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS 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.