Cerity Partners LLC Invests $308,000 in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Cerity Partners LLC bought a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,897 shares of the construction company’s stock, valued at approximately $308,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ROCK. AE Wealth Management LLC acquired a new stake in shares of Gibraltar Industries during the 3rd quarter worth about $218,000. SG Americas Securities LLC raised its position in shares of Gibraltar Industries by 323.8% during the 3rd quarter. SG Americas Securities LLC now owns 24,500 shares of the construction company’s stock worth $1,654,000 after acquiring an additional 18,719 shares in the last quarter. PrairieView Partners LLC raised its position in shares of Gibraltar Industries by 100.0% during the 3rd quarter. PrairieView Partners LLC now owns 816 shares of the construction company’s stock worth $55,000 after acquiring an additional 408 shares in the last quarter. Bailard Inc. raised its position in shares of Gibraltar Industries by 26.3% during the 3rd quarter. Bailard Inc. now owns 9,600 shares of the construction company’s stock worth $648,000 after acquiring an additional 2,000 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in Gibraltar Industries by 2.0% during the third quarter. New York State Teachers Retirement System now owns 59,851 shares of the construction company’s stock worth $4,041,000 after buying an additional 1,179 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 29th.

Gibraltar Industries Stock Up 1.6 %

ROCK opened at $72.26 on Friday. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 20.13 and a beta of 1.17. Gibraltar Industries, Inc. has a 52 week low of $48.52 and a 52 week high of $87.40. The business’s 50 day moving average is $76.52 and its two-hundred day moving average is $74.67.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Wednesday, February 21st. The construction company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. The company had revenue of $328.80 million during the quarter, compared to analysts’ expectations of $331.40 million. During the same quarter last year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts expect that Gibraltar Industries, Inc. will post 4.73 EPS for the current fiscal year.

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.