Inceptionr LLC Makes New $423,000 Investment in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Inceptionr LLC bought a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,183 shares of the construction company's stock, valued at approximately $423,000.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC raised its stake in Gibraltar Industries by 1,663.5% during the third quarter. FMR LLC now owns 726,667 shares of the construction company's stock worth $50,816,000 after acquiring an additional 685,462 shares in the last quarter. Geode Capital Management LLC lifted its stake in Gibraltar Industries by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company's stock valued at $58,676,000 after purchasing an additional 32,950 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Gibraltar Industries during the third quarter worth $792,000. Citigroup Inc. increased its holdings in shares of Gibraltar Industries by 29.5% during the third quarter. Citigroup Inc. now owns 58,768 shares of the construction company's stock worth $4,110,000 after buying an additional 13,392 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Gibraltar Industries by 8.2% in the 3rd quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company's stock valued at $401,000 after acquiring an additional 445 shares during the last quarter. Institutional investors and hedge funds own 98.39% of the company's stock.

Gibraltar Industries Stock Down 2.7 %

Shares of ROCK stock traded down $1.81 during trading hours on Wednesday, hitting $64.02. 305,540 shares of the company's stock traded hands, compared to its average volume of 182,042. The stock has a market cap of $1.94 billion, a PE ratio of 14.32 and a beta of 1.20. The stock's 50 day simple moving average is $61.77 and its 200 day simple moving average is $65.98. Gibraltar Industries, Inc. has a 12 month low of $55.31 and a 12 month high of $81.90.

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Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its earnings results on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.95 by $0.06. The firm had revenue of $302.06 million for the quarter, compared to the consensus estimate of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The business's quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. As a group, equities research analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 20th.

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.