Gibraltar Industries, Inc. (NASDAQ:ROCK) Stock Position Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 3.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 162,491 shares of the construction company’s stock after purchasing an additional 5,226 shares during the period. Principal Financial Group Inc. owned about 0.54% of Gibraltar Industries worth $9,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position in Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock worth $27,000 after acquiring an additional 277 shares in the last quarter. Atticus Wealth Management LLC bought a new stake in Gibraltar Industries in the fourth quarter worth approximately $53,000. KBC Group NV grew its position in Gibraltar Industries by 50.2% in the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock worth $85,000 after acquiring an additional 480 shares in the last quarter. Quarry LP grew its position in Gibraltar Industries by 33.3% in the third quarter. Quarry LP now owns 1,318 shares of the construction company’s stock worth $92,000 after acquiring an additional 329 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Gibraltar Industries in the fourth quarter worth approximately $117,000. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Up 1.3 %

ROCK stock opened at $65.71 on Friday. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.70 and a beta of 1.20. Gibraltar Industries, Inc. has a 12 month low of $55.31 and a 12 month high of $81.90. The firm has a 50 day moving average of $60.94 and a two-hundred day moving average of $66.00.

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

Analyst Ratings Changes

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

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.