Campbell & CO Investment Adviser LLC Buys Shares of 4,262 Gibraltar Industries, Inc. $ROCK

Campbell & CO Investment Adviser LLC purchased a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,262 shares of the construction company’s stock, valued at approximately $251,000.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in Gibraltar Industries by 30.6% in the first quarter. Wellington Management Group LLP now owns 2,012,178 shares of the construction company’s stock valued at $118,034,000 after purchasing an additional 471,108 shares during the last quarter. Nuveen LLC bought a new stake in shares of Gibraltar Industries in the 1st quarter valued at about $20,694,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Gibraltar Industries by 57.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 479,894 shares of the construction company’s stock worth $28,151,000 after buying an additional 175,769 shares during the last quarter. Ancora Advisors LLC raised its stake in shares of Gibraltar Industries by 204.4% during the 1st quarter. Ancora Advisors LLC now owns 191,688 shares of the construction company’s stock worth $11,244,000 after acquiring an additional 128,721 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Gibraltar Industries by 68.7% during the first quarter. Invesco Ltd. now owns 250,865 shares of the construction company’s stock valued at $14,716,000 after acquiring an additional 102,150 shares during the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ROCK. Zacks Research raised shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen downgraded Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gibraltar Industries in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Gibraltar Industries Price Performance

Shares of ROCK stock opened at $47.14 on Tuesday. The business has a fifty day moving average of $63.31 and a 200 day moving average of $62.01. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.05 and a beta of 1.27. Gibraltar Industries, Inc. has a 1 year low of $46.58 and a 1 year high of $75.08.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. The firm had revenue of $310.94 million during the quarter, compared to analyst estimates of $317.50 million. During the same period in the prior year, the company posted $1.27 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. As a group, equities research analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

About Gibraltar Industries

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.