3,738 Shares in Gibraltar Industries, Inc. (NASDAQ:ROCK) Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. bought a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) during the third quarter, Holdings Channel.com reports. The institutional investor bought 3,738 shares of the construction company’s stock, valued at approximately $261,000.

Several other hedge funds also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in shares of Gibraltar Industries by 27.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company’s stock worth $103,613,000 after purchasing an additional 322,422 shares during the period. Pacer Advisors Inc. boosted its position 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 buying an additional 138,194 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Gibraltar Industries by 1.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 844,373 shares of the construction company’s stock valued at $57,882,000 after buying an additional 9,764 shares in the last quarter. FMR LLC raised its holdings in shares of Gibraltar Industries by 1,663.5% in the 3rd quarter. FMR LLC now owns 726,667 shares of the construction company’s stock valued at $50,816,000 after buying an additional 685,462 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Gibraltar Industries by 14.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 648,054 shares of the construction company’s stock worth $45,318,000 after acquiring an additional 81,401 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Down 1.0 %

Shares of ROCK opened at $69.35 on Wednesday. The company has a market cap of $2.10 billion, a P/E ratio of 19.26 and a beta of 1.15. Gibraltar Industries, Inc. has a fifty-two week low of $61.92 and a fifty-two week high of $87.40. The firm’s 50 day moving average price is $69.73 and its 200 day moving average price is $69.98.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. The business had revenue of $361.20 million for the quarter, compared to analyst estimates of $360.43 million. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The company’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share. Research analysts forecast that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd.

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.