Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Acquired by Bfsg LLC

Bfsg LLC boosted its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 4,096.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,705 shares of the construction company's stock after buying an additional 68,044 shares during the period. Bfsg LLC owned approximately 0.23% of Gibraltar Industries worth $4,874,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of Gibraltar Industries in the 2nd quarter valued at about $39,000. GAMMA Investing LLC boosted its position in Gibraltar Industries by 30.6% in the 3rd 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. nVerses Capital LLC acquired a new stake in shares of Gibraltar Industries during the 2nd quarter worth approximately $55,000. Quarry LP lifted its stake in shares of Gibraltar Industries by 428.9% in the 2nd quarter. Quarry LP now owns 989 shares of the construction company's stock valued at $68,000 after purchasing an additional 802 shares during the period. Finally, Point72 DIFC Ltd boosted its holdings in Gibraltar Industries by 92.1% during the second quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company's stock worth $91,000 after buying an additional 637 shares in the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Down 0.3 %

Shares of Gibraltar Industries stock traded down $0.17 on Thursday, reaching $67.18. The company's stock had a trading volume of 196,382 shares, compared to its average volume of 176,825. The company has a market capitalization of $2.05 billion, a P/E ratio of 18.04 and a beta of 1.14. The stock has a 50-day moving average price of $68.17 and a 200-day moving average price of $71.14. Gibraltar Industries, Inc. has a 52-week low of $59.66 and a 52-week high of $87.40.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings data 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 for 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 business's revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.18 earnings per share. Sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Company 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.