State of Wyoming Purchases Shares of 947 Gibraltar Industries, Inc. $ROCK

State of Wyoming bought a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 947 shares of the construction company’s stock, valued at approximately $56,000.

A number of other hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC raised 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 valued at $67,000 after acquiring an additional 261 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Gibraltar Industries by 40.6% in the first quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company’s stock valued at $59,000 after purchasing an additional 288 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Gibraltar Industries by 63.1% in the first quarter. GAMMA Investing LLC now owns 809 shares of the construction company’s stock valued at $47,000 after purchasing an additional 313 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Gibraltar Industries by 1.4% in the first quarter. Federated Hermes Inc. now owns 22,289 shares of the construction company’s stock valued at $1,307,000 after purchasing an additional 318 shares during the last quarter. Finally, Cascade Investment Advisors Inc. increased its holdings in shares of Gibraltar Industries by 1.6% in the first quarter. Cascade Investment Advisors Inc. now owns 20,875 shares of the construction company’s stock valued at $1,225,000 after purchasing an additional 320 shares during the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.

Wall Street Analyst Weigh In

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

Gibraltar Industries Stock Performance

ROCK opened at $59.08 on Wednesday. The stock has a market capitalization of $1.74 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 0.94 and a beta of 1.26. Gibraltar Industries, Inc. has a one year low of $48.96 and a one year high of $74.97. The business’s 50-day simple moving average is $62.86 and its 200-day simple moving average is $60.44.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.03). The company had revenue of $309.50 million during the quarter, compared to analyst estimates of $381.40 million. Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 EPS. On average, equities research 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.