Commonwealth Equity Services LLC Grows Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Commonwealth Equity Services LLC lifted its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 67.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 7,533 shares of the construction company’s stock after acquiring an additional 3,029 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Gibraltar Industries were worth $516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Gibraltar Industries in the second quarter worth about $39,000. Quadrant Capital Group LLC increased its position in shares of Gibraltar Industries by 26.3% in the fourth quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock valued at $53,000 after buying an additional 139 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Gibraltar Industries by 9,273.9% in the first quarter. Lazard Asset Management LLC now owns 2,156 shares of the construction company’s stock valued at $173,000 after buying an additional 2,133 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Gibraltar Industries in the second quarter worth approximately $189,000. Finally, TFO Wealth Partners LLC boosted its stake in shares of Gibraltar Industries by 243,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,434 shares of the construction company’s stock worth $192,000 after acquiring an additional 2,433 shares during the last quarter. Institutional investors own 98.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 2nd.

Gibraltar Industries Trading Down 3.6 %

ROCK stock opened at $71.37 on Friday. The business’s fifty day moving average price is $70.06 and its 200 day moving average price is $72.20. Gibraltar Industries, Inc. has a 12-month low of $59.66 and a 12-month high of $87.40. The company has a market capitalization of $2.18 billion, a PE ratio of 19.72 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Wednesday, July 31st. The construction company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). The business had revenue of $353.00 million for the quarter, compared to analyst estimates of $373.60 million. Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 earnings per share. Research analysts predict that Gibraltar Industries, Inc. will post 4.6 EPS for the current fiscal 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.