HighTower Advisors LLC Has $245,000 Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

HighTower Advisors LLC grew its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 11.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,442 shares of the construction company’s stock after purchasing an additional 366 shares during the quarter. HighTower Advisors LLC’s holdings in Gibraltar Industries were worth $245,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Gibraltar Industries by 271.6% during the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock worth $27,000 after purchasing an additional 277 shares in the last quarter. Innealta Capital LLC acquired a new position in Gibraltar Industries during the second quarter valued at approximately $39,000. GAMMA Investing LLC raised its position in 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 in the last quarter. nVerses Capital LLC bought a new stake in Gibraltar Industries in the second quarter valued at approximately $55,000. Finally, Quarry LP raised its position in shares of Gibraltar Industries by 428.9% in the second quarter. Quarry LP now owns 989 shares of the construction company’s stock valued at $68,000 after purchasing an additional 802 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

Gibraltar Industries Trading Up 0.0 %

Shares of Gibraltar Industries stock opened at $60.30 on Wednesday. Gibraltar Industries, Inc. has a 1 year low of $59.52 and a 1 year high of $87.40. The firm has a market capitalization of $1.83 billion, a PE ratio of 16.75 and a beta of 1.15. The firm’s 50 day moving average is $68.56 and its 200 day moving average is $69.36.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The company had revenue of $361.20 million for the quarter, compared to analyst estimates of $360.43 million. During the same period in the previous year, the firm earned $1.38 earnings per share. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. As a group, research analysts anticipate 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.