GAMMA Investing LLC Has $51,000 Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

GAMMA Investing LLC boosted its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 30.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 725 shares of the construction company’s stock after purchasing an additional 170 shares during the period. GAMMA Investing LLC’s holdings in Gibraltar Industries were worth $51,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Gibraltar Industries by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 2,819,914 shares of the construction company’s stock valued at $222,717,000 after buying an additional 60,950 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Gibraltar Industries by 110.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,503 shares of the construction company’s stock valued at $1,168,000 after purchasing an additional 7,627 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in Gibraltar Industries by 27.7% during the second quarter. Texas Permanent School Fund Corp now owns 34,006 shares of the construction company’s stock worth $2,331,000 after purchasing an additional 7,369 shares during the period. Intech Investment Management LLC acquired a new position in shares of Gibraltar Industries in the second quarter valued at $770,000. Finally, NBW Capital LLC bought a new position in shares of Gibraltar Industries in the first quarter valued at about $2,106,000. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Up 0.2 %

Shares of NASDAQ:ROCK opened at $67.35 on Thursday. Gibraltar Industries, Inc. has a 12-month low of $59.66 and a 12-month high of $87.40. The business has a 50 day moving average of $68.17 and a 200-day moving average of $71.14. The stock has a market cap of $2.05 billion, a PE ratio of 18.10 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results 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 firm had revenue of $353.00 million during the quarter, compared to the consensus estimate of $373.60 million. Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 earnings per share. Equities research analysts expect that Gibraltar Industries, Inc. will post 4.6 earnings per share for the current year.

Analysts Set New Price Targets

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

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.