Raymond James Financial Inc. Makes New Investment in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Raymond James Financial Inc. purchased a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,202 shares of the construction company's stock, valued at approximately $1,131,000. Raymond James Financial Inc. owned approximately 0.06% of Gibraltar Industries at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FMR LLC increased its holdings in Gibraltar Industries by 1,663.5% during the 3rd 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 during the period. Geode Capital Management LLC grew its position in shares of Gibraltar Industries by 4.1% during 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 in the last quarter. Franklin Resources Inc. increased its holdings in shares of Gibraltar Industries by 8.2% in the third quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company's stock worth $401,000 after purchasing an additional 445 shares during the period. Barclays PLC raised its position in shares of Gibraltar Industries by 93.8% in the third quarter. Barclays PLC now owns 103,324 shares of the construction company's stock worth $7,226,000 after buying an additional 50,017 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Gibraltar Industries by 4.7% during the fourth quarter. Rhumbline Advisers now owns 95,220 shares of the construction company's stock valued at $5,608,000 after buying an additional 4,280 shares during the period. 98.39% of the stock is currently owned by institutional investors.

Gibraltar Industries Stock Down 0.2 %

Shares of ROCK stock traded down $0.08 during trading on Tuesday, hitting $51.38. The company had a trading volume of 402,008 shares, compared to its average volume of 207,077. The stock's 50-day moving average is $61.61 and its two-hundred day moving average is $64.77. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 11.49 and a beta of 1.22. Gibraltar Industries, Inc. has a 52 week low of $48.96 and a 52 week high of $81.90.

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research 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.