3,577 Shares in Gibraltar Industries, Inc. (NASDAQ:ROCK) Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC acquired a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,577 shares of the construction company’s stock, valued at approximately $250,000.

A number of other large investors have also added to or reduced their stakes in ROCK. Texas Permanent School Fund Corp increased its holdings 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 valued at $2,331,000 after acquiring an additional 7,369 shares in the last quarter. Intech Investment Management LLC bought a new stake in Gibraltar Industries during the 2nd quarter valued at about $770,000. Swedbank AB raised its holdings in Gibraltar Industries by 34.1% in the second quarter. Swedbank AB now owns 283,251 shares of the construction company’s stock worth $19,417,000 after buying an additional 71,951 shares during the last quarter. FMR LLC lifted its stake in shares of 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 buying an additional 685,462 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Gibraltar Industries during the third quarter valued at approximately $792,000. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Analyst Ratings Changes

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

Gibraltar Industries Price Performance

Shares of NASDAQ:ROCK opened at $66.98 on Friday. Gibraltar Industries, Inc. has a 1 year low of $61.92 and a 1 year high of $87.40. The company has a market cap of $2.03 billion, a P/E ratio of 18.61 and a beta of 1.15. The stock’s fifty day moving average price is $69.58 and its 200-day moving average price is $69.92.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $360.43 million. During the same quarter last year, the firm posted $1.38 EPS. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, sell-side analysts anticipate 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.