Hennion & Walsh Asset Management Inc. Has $932,000 Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Hennion & Walsh Asset Management Inc. raised its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 12.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,594 shares of the construction company’s stock after buying an additional 1,495 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Gibraltar Industries were worth $932,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Gibraltar Industries by 184,800.0% in the 2nd quarter. Blue Trust Inc. now owns 5,547 shares of the construction company’s stock valued at $380,000 after buying an additional 5,544 shares during the period. Swedbank AB increased its holdings in shares of Gibraltar Industries by 34.1% during the 2nd quarter. Swedbank AB now owns 283,251 shares of the construction company’s stock worth $19,417,000 after acquiring an additional 71,951 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in shares of Gibraltar Industries by 4,456.0% in the second quarter. AlphaMark Advisors LLC now owns 4,556 shares of the construction company’s stock valued at $312,000 after purchasing an additional 4,456 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Gibraltar Industries in the second quarter valued at approximately $404,000. Finally, Cascade Investment Advisors Inc. increased its stake in shares of Gibraltar Industries by 2.2% during the second quarter. Cascade Investment Advisors Inc. now owns 17,345 shares of the construction company’s stock worth $1,189,000 after purchasing an additional 375 shares during the period. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Down 1.4 %

NASDAQ:ROCK opened at $65.03 on Wednesday. The firm has a market capitalization of $1.98 billion, a PE ratio of 17.48 and a beta of 1.15. Gibraltar Industries, Inc. has a twelve month low of $59.66 and a twelve month high of $87.40. The stock’s 50-day simple moving average is $70.50 and its 200 day simple moving average is $74.15.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Wednesday, July 31st. The construction company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The company had revenue of $353.00 million during the quarter, compared to analyst estimates of $373.60 million. Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.18 earnings per share. On average, analysts anticipate that Gibraltar Industries, Inc. will post 4.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 2nd.

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.