Proficio Capital Partners LLC Purchases New Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Proficio Capital Partners LLC purchased a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,137 shares of the construction company’s stock, valued at approximately $892,000.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock valued at $27,000 after buying an additional 277 shares during the last quarter. Atticus Wealth Management LLC bought a new position in shares of Gibraltar Industries during the fourth quarter worth approximately $53,000. KBC Group NV increased its stake in shares of Gibraltar Industries by 50.2% during the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock worth $85,000 after purchasing an additional 480 shares during the period. Quarry LP increased its stake in shares of Gibraltar Industries by 33.3% during the third quarter. Quarry LP now owns 1,318 shares of the construction company’s stock worth $92,000 after purchasing an additional 329 shares during the period. Finally, SG Americas Securities LLC bought a new position in Gibraltar Industries during the 4th quarter worth $117,000. 98.39% of the stock is owned by institutional investors and hedge funds.

Gibraltar Industries Stock Performance

Shares of ROCK opened at $66.48 on Friday. The stock has a 50 day moving average price of $61.49 and a two-hundred day moving average price of $66.01. The firm has a market capitalization of $2.02 billion, a P/E ratio of 14.87 and a beta of 1.20. Gibraltar Industries, Inc. has a 52 week low of $55.31 and a 52 week high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.95 by $0.06. The business had revenue of $302.06 million for the quarter, compared to the consensus estimate of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. Gibraltar Industries’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. On average, equities analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 20th.

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.