LPL Financial LLC Raises Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

LPL Financial LLC lifted its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,516 shares of the construction company’s stock after buying an additional 1,097 shares during the quarter. LPL Financial LLC’s holdings in Gibraltar Industries were worth $502,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new stake in shares of Gibraltar Industries during the 4th quarter worth $377,000. AXQ Capital LP purchased a new stake in Gibraltar Industries during the fourth quarter worth about $317,000. Sei Investments Co. grew its position in Gibraltar Industries by 37.8% during the fourth quarter. Sei Investments Co. now owns 27,373 shares of the construction company’s stock worth $1,612,000 after buying an additional 7,513 shares during the period. American Century Companies Inc. lifted its position in shares of Gibraltar Industries by 8.5% during the 4th quarter. American Century Companies Inc. now owns 71,730 shares of the construction company’s stock valued at $4,225,000 after acquiring an additional 5,605 shares during the period. Finally, Quantbot Technologies LP boosted its stake in shares of Gibraltar Industries by 8.3% during the 4th quarter. Quantbot Technologies LP now owns 20,805 shares of the construction company’s stock worth $1,225,000 after acquiring an additional 1,595 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analyst Ratings Changes

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

Gibraltar Industries Trading Up 3.1 %

Shares of ROCK opened at $52.85 on Friday. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $81.90. The stock has a market cap of $1.57 billion, a P/E ratio of 11.82 and a beta of 1.22. The company has a 50-day moving average of $59.83 and a two-hundred day moving average of $63.29.

Gibraltar Industries (NASDAQ:ROCK) last announced 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 analysts’ expectations of $307.93 million. During the same quarter in the prior year, the firm earned $0.85 EPS. Gibraltar Industries’s quarterly revenue was down 8.1% on a year-over-year basis. As a group, analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

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.