Gibraltar Industries, Inc. (NASDAQ:ROCK) Holdings Raised by Fmr LLC

FMR LLC increased its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 1,663.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 726,667 shares of the construction company's stock after buying an additional 685,462 shares during the quarter. FMR LLC owned about 2.40% of Gibraltar Industries worth $50,816,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in Gibraltar Industries by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 8,523 shares of the construction company's stock worth $584,000 after buying an additional 158 shares during the last quarter. GAMMA Investing LLC grew its stake 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 worth $51,000 after purchasing an additional 170 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in 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 buying an additional 200 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Gibraltar Industries by 1.6% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,805 shares of the construction company's stock valued at $965,000 after buying an additional 211 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Gibraltar Industries by 271.6% during the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company's stock valued at $27,000 after buying an additional 277 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, December 3rd.

Gibraltar Industries Trading Down 0.1 %

ROCK stock traded down $0.04 during trading hours on Friday, hitting $70.62. 89,751 shares of the stock traded hands, compared to its average volume of 154,271. The stock has a 50-day simple moving average of $69.76 and a 200 day simple moving average of $70.05. Gibraltar Industries, Inc. has a one year low of $61.92 and a one year high of $87.40. The company has a market cap of $2.14 billion, a P/E ratio of 19.62 and a beta of 1.15.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.01. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The business had revenue of $361.20 million during the quarter, compared to analysts' expectations of $360.43 million. During the same quarter last year, the business posted $1.38 earnings per share. The company's quarterly revenue was down 7.6% on a year-over-year basis. Analysts forecast that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current 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.