GAMMA Investing LLC Acquires 170 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

GAMMA Investing LLC grew its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 30.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 725 shares of the construction company’s stock after acquiring an additional 170 shares during the quarter. GAMMA Investing LLC’s holdings in Gibraltar Industries were worth $51,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ROCK. Vanguard Group Inc. raised its holdings in Gibraltar Industries by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 2,888,642 shares of the construction company’s stock worth $232,622,000 after buying an additional 68,728 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Gibraltar Industries by 14.6% during the second quarter. Pacer Advisors Inc. now owns 1,084,170 shares of the construction company’s stock worth $74,320,000 after acquiring an additional 138,194 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Gibraltar Industries by 1.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 844,373 shares of the construction company’s stock valued at $57,882,000 after acquiring an additional 9,764 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Gibraltar Industries by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 322,710 shares of the construction company’s stock worth $22,122,000 after purchasing an additional 2,106 shares during the period. Finally, Swedbank AB increased its holdings in Gibraltar Industries by 34.1% during the 2nd quarter. Swedbank AB now owns 283,251 shares of the construction company’s stock worth $19,417,000 after purchasing an additional 71,951 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Stock Up 0.2 %

NASDAQ:ROCK opened at $67.35 on Thursday. The company has a market cap of $2.05 billion, a P/E ratio of 18.10 and a beta of 1.14. Gibraltar Industries, Inc. has a twelve month low of $59.66 and a twelve month high of $87.40. The business has a 50 day moving average price of $68.17 and a two-hundred day moving average price of $71.14.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Wednesday, July 31st. The construction company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. The business had revenue of $353.00 million during the quarter, compared to the consensus estimate of $373.60 million. During the same period last year, the business posted $1.18 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, analysts anticipate that Gibraltar Industries, Inc. will post 4.6 earnings per share 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.