Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Purchased by Roof Eidam Maycock Peralta LLC

Roof Eidam Maycock Peralta LLC raised its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,205 shares of the construction company’s stock after purchasing an additional 510 shares during the quarter. Roof Eidam Maycock Peralta LLC owned about 0.09% of Gibraltar Industries worth $1,833,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Gibraltar Industries by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 2,819,914 shares of the construction company’s stock valued at $222,717,000 after purchasing an additional 60,950 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Gibraltar Industries by 110.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,503 shares of the construction company’s stock worth $1,168,000 after buying an additional 7,627 shares during the period. Texas Permanent School Fund Corp increased its stake in Gibraltar Industries by 27.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 34,006 shares of the construction company’s stock worth $2,331,000 after buying an additional 7,369 shares during the period. Intech Investment Management LLC purchased a new stake in Gibraltar Industries during the 2nd quarter worth $770,000. Finally, NBW Capital LLC purchased a new stake in Gibraltar Industries during the 1st quarter worth $2,106,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Gibraltar Industries Stock Performance

ROCK opened at $66.13 on Tuesday. The company has a 50-day moving average of $68.28 and a 200-day moving average of $70.92. The company has a market capitalization of $2.01 billion, a P/E ratio of 17.78 and a beta of 1.14. Gibraltar Industries, Inc. has a 1-year low of $59.66 and a 1-year high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Wednesday, July 31st. The construction company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.08). The company had revenue of $353.00 million during the quarter, compared to the consensus estimate of $373.60 million. Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. Gibraltar Industries’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 EPS. As a group, sell-side analysts expect that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current fiscal 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.