Inspire Investing LLC Increases Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Inspire Investing LLC raised its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 14.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,884 shares of the construction company’s stock after purchasing an additional 744 shares during the quarter. Inspire Investing LLC’s holdings in Gibraltar Industries were worth $411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Gibraltar Industries during the second quarter valued at approximately $39,000. GAMMA Investing LLC boosted its stake in shares of Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after acquiring an additional 170 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Gibraltar Industries during the 2nd quarter valued at $55,000. Quarry LP increased its stake in shares of Gibraltar Industries by 428.9% in the 2nd quarter. Quarry LP now owns 989 shares of the construction company’s stock worth $68,000 after purchasing an additional 802 shares in the last quarter. Finally, Point72 DIFC Ltd raised its holdings in Gibraltar Industries by 92.1% in the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock worth $91,000 after purchasing an additional 637 shares during the period. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Trading Up 0.6 %

Gibraltar Industries stock opened at $67.61 on Friday. Gibraltar Industries, Inc. has a 12-month low of $59.66 and a 12-month high of $87.40. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 18.17 and a beta of 1.14. The firm has a 50 day moving average of $68.28 and a 200 day moving average of $71.02.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, July 31st. The construction company reported $1.18 EPS for the quarter, missing the consensus estimate 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 previous year, the business earned $1.18 earnings per share. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts predict that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, October 14th.

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.