Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Acquired by Roof Eidam Maycock Peralta LLC

Roof Eidam Maycock Peralta LLC increased its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 2.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 26,205 shares of the construction company’s stock after buying an additional 510 shares during the period. Roof Eidam Maycock Peralta LLC’s holdings in Gibraltar Industries were worth $1,833,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Gibraltar Industries by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 2,888,642 shares of the construction company’s stock valued at $232,622,000 after purchasing an additional 68,728 shares during the period. Pacer Advisors Inc. boosted its stake in Gibraltar Industries by 14.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,084,170 shares of the construction company’s stock valued at $74,320,000 after purchasing an additional 138,194 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Gibraltar Industries by 1.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 844,373 shares of the construction company’s stock valued at $57,882,000 after purchasing an additional 9,764 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Gibraltar Industries by 14.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 648,054 shares of the construction company’s stock valued at $45,318,000 after purchasing an additional 81,401 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Gibraltar Industries by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 322,710 shares of the construction company’s stock valued at $22,122,000 after purchasing an additional 2,106 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Gibraltar Industries Trading Down 2.2 %

Shares of NASDAQ:ROCK opened at $66.13 on Tuesday. The company has a 50 day moving average of $68.28 and a 200-day moving average of $70.92. The firm has a market cap of $2.01 billion, a P/E ratio of 17.78 and a beta of 1.14. Gibraltar Industries, Inc. has a twelve month low of $59.66 and a twelve month high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last issued 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 return on equity of 13.91% and a net margin of 8.49%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.18 earnings per share. Equities research analysts forecast that Gibraltar Industries, Inc. will post 4.18 EPS for the current 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.