Commonwealth Equity Services LLC Grows Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Commonwealth Equity Services LLC grew its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 67.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,533 shares of the construction company’s stock after purchasing an additional 3,029 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Gibraltar Industries were worth $516,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. 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 valued at $53,000 after buying an additional 139 shares during the period. Louisiana State Employees Retirement System increased its holdings in Gibraltar Industries by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock worth $1,049,000 after buying an additional 200 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in Gibraltar Industries by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 26,637 shares of the construction company’s stock worth $2,145,000 after purchasing an additional 345 shares during the last quarter. Anchor Capital Advisors LLC boosted its position in Gibraltar Industries by 2.1% in the first quarter. Anchor Capital Advisors LLC now owns 17,831 shares of the construction company’s stock worth $1,436,000 after purchasing an additional 364 shares during the last quarter. Finally, Cascade Investment Advisors Inc. lifted its position in shares of Gibraltar Industries by 2.2% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 17,345 shares of the construction company’s stock valued at $1,189,000 after buying an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Gibraltar Industries Price Performance

ROCK stock opened at $71.37 on Friday. Gibraltar Industries, Inc. has a 1-year low of $59.66 and a 1-year high of $87.40. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.72 and a beta of 1.14. The business has a 50 day simple moving average of $70.06 and a two-hundred day simple moving average of $72.20.

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