Blue Trust Inc. Acquires 5,544 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Blue Trust Inc. boosted its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 184,800.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,547 shares of the construction company’s stock after purchasing an additional 5,544 shares during the quarter. Blue Trust Inc.’s holdings in Gibraltar Industries were worth $380,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in shares of Gibraltar Industries by 26.3% during the fourth quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock valued at $53,000 after acquiring an additional 139 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Gibraltar Industries during the fourth quarter valued at approximately $57,000. Bfsg LLC bought a new stake in shares of Gibraltar Industries during the first quarter valued at approximately $132,000. Lazard Asset Management LLC boosted its position in shares of Gibraltar Industries by 9,273.9% during the first quarter. Lazard Asset Management LLC now owns 2,156 shares of the construction company’s stock valued at $173,000 after buying an additional 2,133 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its position in shares of Gibraltar Industries by 243,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,434 shares of the construction company’s stock valued at $192,000 after buying an additional 2,433 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors.

Gibraltar Industries Price Performance

Shares of NASDAQ ROCK traded down $0.83 during trading on Friday, reaching $65.38. 157,912 shares of the stock traded hands, compared to its average volume of 174,979. Gibraltar Industries, Inc. has a 52-week low of $59.66 and a 52-week high of $87.40. The company has a 50-day moving average of $70.67 and a 200-day moving average of $74.52. The stock has a market capitalization of $1.99 billion, a P/E ratio of 17.58 and a beta of 1.15.

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

Analyst Ratings Changes

Separately, StockNews.com cut 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.