HighTower Advisors LLC Grows Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

HighTower Advisors LLC increased its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,442 shares of the construction company’s stock after buying an additional 366 shares during the period. HighTower Advisors LLC’s holdings in Gibraltar Industries were worth $245,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Texas Permanent School Fund Corp lifted its stake in shares of Gibraltar Industries by 27.7% during the second quarter. Texas Permanent School Fund Corp now owns 34,006 shares of the construction company’s stock worth $2,331,000 after purchasing an additional 7,369 shares in the last quarter. Intech Investment Management LLC bought a new stake in Gibraltar Industries during the second quarter valued at $770,000. FMR LLC lifted its holdings in Gibraltar Industries by 1,663.5% in the third quarter. FMR LLC now owns 726,667 shares of the construction company’s stock worth $50,816,000 after acquiring an additional 685,462 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Gibraltar Industries in the third quarter valued at approximately $792,000. Finally, Hsbc Holdings PLC increased its position in Gibraltar Industries by 47.6% in the second quarter. Hsbc Holdings PLC now owns 18,123 shares of the construction company’s stock worth $1,242,000 after buying an additional 5,842 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

Gibraltar Industries Trading Up 0.0 %

NASDAQ:ROCK opened at $60.30 on Wednesday. Gibraltar Industries, Inc. has a 1-year low of $59.52 and a 1-year high of $87.40. The business’s fifty day moving average price is $68.56 and its 200 day moving average price is $69.36. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 16.75 and a beta of 1.15.

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

About Gibraltar Industries

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.