Proficio Capital Partners LLC Invests $892,000 in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Proficio Capital Partners LLC purchased a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,137 shares of the construction company's stock, valued at approximately $892,000.

Several other large investors have also recently bought and sold shares of ROCK. FMR LLC raised its position in Gibraltar Industries by 1,663.5% during the third quarter. FMR LLC now owns 726,667 shares of the construction company's stock valued at $50,816,000 after buying an additional 685,462 shares during the period. Victory Capital Management Inc. raised its position in Gibraltar Industries by 27.8% during the third quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company's stock valued at $103,613,000 after buying an additional 322,422 shares during the period. State Street Corp raised its position in Gibraltar Industries by 4.6% during the third quarter. State Street Corp now owns 1,278,283 shares of the construction company's stock valued at $89,390,000 after buying an additional 56,008 shares during the period. Barclays PLC raised its position in Gibraltar Industries by 93.8% during the third quarter. Barclays PLC now owns 103,324 shares of the construction company's stock valued at $7,226,000 after buying an additional 50,017 shares during the period. Finally, Geode Capital Management LLC raised its position in Gibraltar Industries by 4.1% during the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company's stock valued at $58,676,000 after buying an additional 32,950 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

Gibraltar Industries Trading Up 0.3 %

NASDAQ ROCK traded up $0.20 on Friday, reaching $66.48. The stock had a trading volume of 331,892 shares, compared to its average volume of 241,343. The business has a 50 day moving average price of $61.49 and a 200 day moving average price of $66.01. Gibraltar Industries, Inc. has a 1 year low of $55.31 and a 1 year high of $81.90. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 14.87 and a beta of 1.20.

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