American Century Companies Inc. Has $4.43 Million Position in Gibraltar Industries, Inc. $ROCK

American Century Companies Inc. increased its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,443 shares of the construction company’s stock after purchasing an additional 3,713 shares during the quarter. American Century Companies Inc. owned approximately 0.26% of Gibraltar Industries worth $4,425,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in ROCK. GAMMA Investing LLC boosted its holdings in shares of Gibraltar Industries by 63.1% during the first quarter. GAMMA Investing LLC now owns 809 shares of the construction company’s stock worth $47,000 after purchasing an additional 313 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Gibraltar Industries by 29.4% during the first quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company’s stock worth $67,000 after purchasing an additional 261 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Gibraltar Industries during the fourth quarter worth approximately $111,000. Brevan Howard Capital Management LP acquired a new stake in shares of Gibraltar Industries during the fourth quarter worth approximately $204,000. Finally, EP Wealth Advisors LLC boosted its holdings in shares of Gibraltar Industries by 13.1% during the fourth quarter. EP Wealth Advisors LLC now owns 4,047 shares of the construction company’s stock worth $238,000 after purchasing an additional 470 shares during the period. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Stock Performance

Shares of ROCK opened at $62.59 on Friday. The firm has a market cap of $1.85 billion, a PE ratio of 15.01, a PEG ratio of 0.99 and a beta of 1.32. The firm’s 50 day moving average price is $62.75 and its 200 day moving average price is $60.45. Gibraltar Industries, Inc. has a twelve month low of $48.96 and a twelve month high of $74.97.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.03). The business had revenue of $309.50 million for the quarter, compared to the consensus estimate of $381.40 million. Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. Gibraltar Industries’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 EPS. On average, sell-side analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd.

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.