Atria Investments Inc Boosts Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Atria Investments Inc boosted its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 14.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,085 shares of the construction company’s stock after purchasing an additional 528 shares during the quarter. Atria Investments Inc’s holdings in Gibraltar Industries were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Gibraltar Industries by 2.4% in the first quarter. Vanguard Group Inc. now owns 2,888,642 shares of the construction company’s stock valued at $232,622,000 after buying an additional 68,728 shares during the last quarter. Pacer Advisors Inc. boosted its position in 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 acquiring an additional 138,194 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Gibraltar Industries by 1.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 844,373 shares of the construction company’s stock worth $57,882,000 after acquiring an additional 9,764 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Gibraltar Industries by 14.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 648,054 shares of the construction company’s stock valued at $45,318,000 after acquiring an additional 81,401 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Gibraltar Industries by 16.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 328,258 shares of the construction company’s stock valued at $22,955,000 after acquiring an additional 45,416 shares during the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd.

Gibraltar Industries Price Performance

ROCK opened at $71.03 on Friday. Gibraltar Industries, Inc. has a 12 month low of $61.92 and a 12 month high of $87.40. The business has a 50-day moving average of $69.49 and a two-hundred day moving average of $70.21. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 19.73 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. The firm had revenue of $361.20 million during the quarter, compared to the consensus estimate of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. Gibraltar Industries’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.38 earnings per share. Equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current 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.