Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 107.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 22,306 shares of the construction company’s stock after buying an additional 11,528 shares during the quarter. Sei Investments Co. owned about 0.07% of Gibraltar Industries worth $1,529,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in Gibraltar Industries by 2.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 318,167 shares of the construction company’s stock worth $25,129,000 after purchasing an additional 7,677 shares in the last quarter. Vanguard Group Inc. increased its position in Gibraltar Industries by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 2,819,914 shares of the construction company’s stock worth $222,717,000 after purchasing an additional 60,950 shares during the period. HighPoint Advisor Group LLC purchased a new position in shares of Gibraltar Industries during the 4th quarter worth approximately $219,000. Contravisory Investment Management Inc. lifted its holdings in shares of Gibraltar Industries by 1,755.2% in the 1st quarter. Contravisory Investment Management Inc. now owns 3,228 shares of the construction company’s stock valued at $260,000 after buying an additional 3,054 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of Gibraltar Industries by 49.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,099 shares of the construction company’s stock valued at $974,000 after buying an additional 4,008 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Trading Up 1.9 %

Shares of Gibraltar Industries stock opened at $71.34 on Friday. The company has a 50-day moving average of $68.47 and a two-hundred day moving average of $71.78. Gibraltar Industries, Inc. has a 12-month low of $59.66 and a 12-month high of $87.40. The stock has a market cap of $2.17 billion, a PE ratio of 19.18 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Wednesday, July 31st. The construction company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.08). The firm had revenue of $353.00 million during the quarter, compared to analysts’ expectations of $373.60 million. Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.18 earnings per share. On average, sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.6 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 2nd.

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.