Gibraltar Industries, Inc. (NASDAQ:ROCK) Position Increased by Bfsg LLC

Bfsg LLC increased its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 4,096.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,705 shares of the construction company’s stock after buying an additional 68,044 shares during the quarter. Bfsg LLC owned about 0.23% of Gibraltar Industries worth $4,874,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its holdings in Gibraltar Industries by 1.9% in the second quarter. Arizona State Retirement System now owns 8,523 shares of the construction company’s stock worth $584,000 after purchasing an additional 158 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Gibraltar Industries by 30.6% in the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock valued at $51,000 after acquiring an additional 170 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Gibraltar Industries by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock valued at $1,049,000 after acquiring an additional 200 shares during the period. Evergreen Capital Management LLC raised its holdings in Gibraltar Industries by 10.6% during the second quarter. Evergreen Capital Management LLC now owns 3,559 shares of the construction company’s stock worth $244,000 after purchasing an additional 340 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in Gibraltar Industries by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 26,637 shares of the construction company’s stock worth $2,145,000 after purchasing an additional 345 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.

Gibraltar Industries Trading Up 0.2 %

NASDAQ:ROCK opened at $67.35 on Thursday. The company has a 50-day moving average of $68.17 and a 200-day moving average of $71.14. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 18.10 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 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 business had revenue of $353.00 million for the quarter, compared to the consensus estimate of $373.60 million. Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The company’s quarterly revenue 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, research analysts forecast that Gibraltar Industries, Inc. will post 4.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday.

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.