Benjamin Edwards Inc. Takes $261,000 Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Benjamin Edwards Inc. bought a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK) in the third quarter, according to its most recent filing with the SEC. The firm bought 3,738 shares of the construction company’s stock, valued at approximately $261,000.

Several other large investors also recently bought and sold shares of ROCK. Texas Permanent School Fund Corp increased its holdings in shares of Gibraltar Industries by 27.7% in the second quarter. Texas Permanent School Fund Corp now owns 34,006 shares of the construction company’s stock valued at $2,331,000 after purchasing an additional 7,369 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Gibraltar Industries in the second quarter worth $770,000. Swedbank AB raised its stake in shares of Gibraltar Industries by 34.1% during the 2nd quarter. Swedbank AB now owns 283,251 shares of the construction company’s stock valued at $19,417,000 after buying an additional 71,951 shares during the last quarter. FMR LLC raised its position in Gibraltar Industries by 1,663.5% during the third quarter. FMR LLC now owns 726,667 shares of the construction company’s stock valued at $50,816,000 after acquiring an additional 685,462 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Gibraltar Industries during the 3rd quarter valued at approximately $792,000. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 3rd.

Gibraltar Industries Trading Down 1.0 %

NASDAQ:ROCK opened at $69.35 on Wednesday. The firm has a market cap of $2.10 billion, a P/E ratio of 19.26 and a beta of 1.15. The stock has a 50 day moving average of $69.73 and a two-hundred day moving average of $69.98. Gibraltar Industries, Inc. has a 12 month low of $61.92 and a 12 month high of $87.40.

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

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.