Intech Investment Management LLC Purchases 4,943 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Intech Investment Management LLC grew its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 44.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,169 shares of the construction company’s stock after buying an additional 4,943 shares during the period. Intech Investment Management LLC owned 0.05% of Gibraltar Industries worth $1,131,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in Gibraltar Industries by 271.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock worth $27,000 after buying an additional 277 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Gibraltar Industries during the second quarter worth about $39,000. GAMMA Investing LLC grew its stake in shares of Gibraltar Industries by 30.6% during the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after acquiring an additional 170 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Gibraltar Industries during the second quarter valued at about $55,000. Finally, Quarry LP boosted its stake in Gibraltar Industries by 428.9% in the 2nd quarter. Quarry LP now owns 989 shares of the construction company’s stock worth $68,000 after purchasing an additional 802 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd.

Gibraltar Industries Price Performance

Shares of ROCK stock opened at $71.85 on Thursday. The business has a fifty day moving average of $69.59 and a 200 day moving average of $70.15. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.96 and a beta of 1.14. Gibraltar Industries, Inc. has a 1 year low of $61.92 and a 1 year high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01. The firm had revenue of $361.20 million during the quarter, compared to analysts’ expectations of $360.43 million. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the business posted $1.38 earnings per share. As a group, equities research analysts expect that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current 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.