Inspire Investing LLC Buys 673 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Inspire Investing LLC increased its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 15.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,140 shares of the construction company’s stock after buying an additional 673 shares during the period. Inspire Investing LLC’s holdings in Gibraltar Industries were worth $352,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of Gibraltar Industries during the 2nd quarter valued at $39,000. Quadrant Capital Group LLC lifted its position in Gibraltar Industries by 26.3% during the fourth quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock worth $53,000 after purchasing an additional 139 shares during the period. nVerses Capital LLC bought a new position in Gibraltar Industries in the 2nd quarter valued at about $55,000. Lazard Asset Management LLC raised its position in shares of Gibraltar Industries by 9,273.9% in the 1st quarter. Lazard Asset Management LLC now owns 2,156 shares of the construction company’s stock valued at $173,000 after buying an additional 2,133 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Gibraltar Industries during the 2nd quarter worth approximately $189,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 2nd.

Gibraltar Industries Price Performance

ROCK stock opened at $70.93 on Tuesday. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 19.07 and a beta of 1.14. The company has a 50 day simple moving average of $69.95 and a 200 day simple moving average of $72.09. Gibraltar Industries, Inc. has a 1 year low of $59.66 and a 1 year high of $87.40.

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

Gibraltar Industries Company 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.