Envestnet Asset Management Inc. Has $1.17 Million Stock Position in Gibraltar Industries, Inc. $ROCK

Envestnet Asset Management Inc. lessened its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 70.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 19,748 shares of the construction company’s stock after selling 46,463 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Gibraltar Industries were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ROCK. Wellington Management Group LLP raised its stake in shares of Gibraltar Industries by 30.6% in the first quarter. Wellington Management Group LLP now owns 2,012,178 shares of the construction company’s stock valued at $118,034,000 after purchasing an additional 471,108 shares in the last quarter. Nuveen LLC bought a new stake in Gibraltar Industries in the 1st quarter valued at $20,694,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Gibraltar Industries by 57.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 479,894 shares of the construction company’s stock valued at $28,151,000 after buying an additional 175,769 shares in the last quarter. Ancora Advisors LLC lifted its holdings in shares of Gibraltar Industries by 204.4% during the 1st quarter. Ancora Advisors LLC now owns 191,688 shares of the construction company’s stock worth $11,244,000 after acquiring an additional 128,721 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Gibraltar Industries by 68.7% during the 1st quarter. Invesco Ltd. now owns 250,865 shares of the construction company’s stock valued at $14,716,000 after acquiring an additional 102,150 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ROCK shares. Wall Street Zen lowered shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings lowered Gibraltar Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Finally, Zacks Research upgraded Gibraltar Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Gibraltar Industries Price Performance

Shares of ROCK opened at $47.44 on Friday. The company has a market capitalization of $1.40 billion, a P/E ratio of 11.38, a PEG ratio of 1.05 and a beta of 1.27. Gibraltar Industries, Inc. has a one year low of $42.86 and a one year high of $75.08. The business’s 50 day simple moving average is $62.12 and its 200-day simple moving average is $61.62.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.08). The business had revenue of $310.94 million during the quarter, compared to the consensus estimate of $317.50 million. Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.27 EPS. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. On average, sell-side analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

About Gibraltar Industries

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.