Truist Financial Corp Acquires 1,518 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Truist Financial Corp grew its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,671 shares of the construction company’s stock after acquiring an additional 1,518 shares during the quarter. Truist Financial Corp owned 0.16% of Gibraltar Industries worth $3,765,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ROCK. Millburn Ridgefield Corp bought a new stake in Gibraltar Industries during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Gibraltar Industries during the third quarter worth $28,000. Covestor Ltd lifted its position in Gibraltar Industries by 13,540.0% in the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock valued at $46,000 after acquiring an additional 677 shares in the last quarter. GAMMA Investing LLC acquired a new position in Gibraltar Industries in the 4th quarter worth $57,000. Finally, Buck Wealth Strategies LLC increased its holdings in Gibraltar Industries by 379.9% during the 3rd quarter. Buck Wealth Strategies LLC now owns 1,243 shares of the construction company’s stock worth $84,000 after purchasing an additional 984 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, April 29th.

Gibraltar Industries Stock Up 1.5 %

NASDAQ:ROCK opened at $72.76 on Tuesday. The company has a market cap of $2.22 billion, a P/E ratio of 19.56 and a beta of 1.20. Gibraltar Industries, Inc. has a twelve month low of $51.36 and a twelve month high of $87.40. The business has a 50 day moving average price of $75.76 and a two-hundred day moving average price of $75.00.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Wednesday, May 1st. The construction company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. Gibraltar Industries had a net margin of 8.31% and a return on equity of 14.39%. The business had revenue of $292.51 million during the quarter, compared to analysts’ expectations of $296.29 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. As a group, analysts anticipate that Gibraltar Industries, Inc. will post 4.79 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.