Oppenheimer Asset Management Inc. Has $307,000 Stock Holdings in Gibraltar Industries, Inc. $ROCK

Oppenheimer Asset Management Inc. trimmed its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 62.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,211 shares of the construction company’s stock after selling 8,602 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Gibraltar Industries were worth $307,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in Gibraltar Industries by 29.4% during the 1st 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 in the last quarter. Smartleaf Asset Management LLC increased its stake in Gibraltar Industries by 40.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company’s stock worth $59,000 after purchasing an additional 288 shares in the last quarter. GAMMA Investing LLC increased its stake in Gibraltar Industries by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company’s stock worth $47,000 after purchasing an additional 313 shares in the last quarter. Federated Hermes Inc. increased its stake in Gibraltar Industries by 1.4% during the 1st quarter. Federated Hermes Inc. now owns 22,289 shares of the construction company’s stock worth $1,307,000 after purchasing an additional 318 shares in the last quarter. Finally, AlphaQuest LLC increased its stake in Gibraltar Industries by 34.5% during the 2nd quarter. AlphaQuest LLC now owns 2,251 shares of the construction company’s stock worth $133,000 after purchasing an additional 577 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Stock Down 2.6%

Shares of ROCK opened at $62.39 on Monday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.05 and a beta of 1.30. Gibraltar Industries, Inc. has a twelve month low of $48.96 and a twelve month high of $75.08. The company has a 50 day moving average of $64.01 and a 200-day moving average of $61.46.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.08). The business had revenue of $310.90 million for the quarter, compared to the consensus estimate of $317.50 million. Gibraltar Industries had a return on equity of 12.91% and a net margin of 10.08%.Gibraltar Industries’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.27 earnings per share. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 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

ROCK has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gibraltar Industries in a research report on Friday. Wall Street Zen cut shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Zacks Research raised shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Gibraltar Industries currently has an average rating of “Hold”.

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.