Gibraltar Industries, Inc. $ROCK Shares Purchased by Inspire Investing LLC

Inspire Investing LLC increased its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 11.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,561 shares of the construction company’s stock after purchasing an additional 693 shares during the quarter. Inspire Investing LLC’s holdings in Gibraltar Industries were worth $387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ROCK. Principal Financial Group Inc. lifted its holdings in Gibraltar Industries by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 167,692 shares of the construction company’s stock worth $9,837,000 after buying an additional 5,201 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Gibraltar Industries by 42.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,813 shares of the construction company’s stock valued at $810,000 after purchasing an additional 4,142 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Gibraltar Industries by 63.1% in the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company’s stock valued at $47,000 after purchasing an additional 313 shares during the last quarter. SG Americas Securities LLC raised its stake in Gibraltar Industries by 215.6% during the 1st quarter. SG Americas Securities LLC now owns 6,256 shares of the construction company’s stock valued at $367,000 after acquiring an additional 4,274 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Gibraltar Industries by 5.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 454,723 shares of the construction company’s stock valued at $26,674,000 after acquiring an additional 23,308 shares during the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

Gibraltar Industries Stock Up 0.5%

Shares of Gibraltar Industries stock opened at $66.29 on Friday. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $74.97. The firm has a market cap of $1.96 billion, a PE ratio of 15.90, a P/E/G ratio of 1.03 and a beta of 1.30. The business’s fifty day moving average is $62.67 and its two-hundred day moving average is $60.26.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.03). The business had revenue of $309.50 million during the quarter, compared to analysts’ expectations of $381.40 million. Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 EPS. Equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on ROCK shares. Zacks Research downgraded Gibraltar Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of Gibraltar Industries in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

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.