Anchor Capital Advisors LLC Acquires 433 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Anchor Capital Advisors LLC raised its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,745 shares of the construction company’s stock after buying an additional 433 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Gibraltar Industries were worth $1,575,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC lifted its position in shares of Gibraltar Industries by 1,663.5% during the 3rd quarter. FMR LLC now owns 726,667 shares of the construction company’s stock valued at $50,816,000 after acquiring an additional 685,462 shares during the period. Geode Capital Management LLC raised its holdings in shares of Gibraltar Industries by 4.1% during the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company’s stock valued at $58,676,000 after purchasing an additional 32,950 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Gibraltar Industries during the 3rd quarter worth about $792,000. Citigroup Inc. grew its stake in shares of Gibraltar Industries by 29.5% in the 3rd quarter. Citigroup Inc. now owns 58,768 shares of the construction company’s stock valued at $4,110,000 after buying an additional 13,392 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of Gibraltar Industries by 8.2% in the 3rd quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company’s stock valued at $401,000 after buying an additional 445 shares during the period. 98.39% of the stock is currently owned by institutional investors.

Gibraltar Industries Stock Up 1.3 %

Shares of ROCK opened at $65.71 on Friday. The business’s fifty day moving average is $60.94 and its 200 day moving average is $66.00. Gibraltar Industries, Inc. has a 12-month low of $55.31 and a 12-month high of $81.90. The stock has a market cap of $1.99 billion, a P/E ratio of 14.70 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $302.06 million during the quarter, compared to analysts’ expectations of $307.93 million. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue was down 8.1% on a year-over-year basis. On average, analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a 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.