Gibraltar Industries, Inc. (NASDAQ:ROCK) Stock Holdings Lifted by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,872 shares of the construction company’s stock after buying an additional 1,660 shares during the period. Raymond James & Associates owned 0.18% of Gibraltar Industries worth $4,255,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new stake in shares of Gibraltar Industries during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new stake in Gibraltar Industries in the third quarter worth $28,000. Covestor Ltd lifted its stake in Gibraltar Industries by 13,540.0% in the third quarter. Covestor Ltd now owns 682 shares of the construction company’s stock valued at $46,000 after buying an additional 677 shares during the last quarter. PrairieView Partners LLC boosted its holdings in shares of Gibraltar Industries by 100.0% during the third quarter. PrairieView Partners LLC now owns 816 shares of the construction company’s stock valued at $55,000 after acquiring an additional 408 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Gibraltar Industries during the first quarter worth about $67,000. 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 report on Friday, March 29th.

Gibraltar Industries Trading Up 0.7 %

Shares of NASDAQ ROCK opened at $75.24 on Friday. Gibraltar Industries, Inc. has a 12-month low of $47.23 and a 12-month high of $87.40. The company has a market cap of $2.29 billion, a PE ratio of 20.96 and a beta of 1.17. The stock has a 50 day simple moving average of $79.28 and a 200-day simple moving average of $74.14.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Wednesday, February 21st. The construction company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). Gibraltar Industries had a return on equity of 14.50% and a net margin of 8.02%. The business had revenue of $328.80 million during the quarter, compared to the consensus estimate of $331.40 million. During the same period in the previous year, the company posted $0.72 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.73 earnings per share for the current fiscal year.

Gibraltar Industries 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.