Citigroup Inc. Has $4.11 Million Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Citigroup Inc. lifted its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 29.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,768 shares of the construction company’s stock after purchasing an additional 13,392 shares during the period. Citigroup Inc. owned 0.19% of Gibraltar Industries worth $4,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Victory Capital Management Inc. boosted its holdings in Gibraltar Industries by 27.8% in the third quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company’s stock worth $103,613,000 after acquiring an additional 322,422 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Gibraltar Industries by 14.6% in 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 period. Millennium Management LLC boosted its holdings in shares of Gibraltar Industries by 196.4% in the second quarter. Millennium Management LLC now owns 123,438 shares of the construction company’s stock worth $8,462,000 after acquiring an additional 81,791 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Gibraltar Industries by 14.4% in the third 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 during the period. Finally, Swedbank AB boosted its holdings in shares of Gibraltar Industries by 34.1% in the second quarter. Swedbank AB now owns 283,251 shares of the construction company’s stock worth $19,417,000 after acquiring an additional 71,951 shares during the period. Institutional investors own 98.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Stock Down 1.5 %

Shares of ROCK stock opened at $71.69 on Wednesday. The business has a 50-day moving average price of $69.61 and a two-hundred day moving average price of $70.08. Gibraltar Industries, Inc. has a 12-month low of $61.92 and a 12-month high of $87.40. The firm has a market cap of $2.18 billion, a P/E ratio of 19.91 and a beta of 1.15.

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

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.