Intech Investment Management LLC Grows Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Intech Investment Management LLC lifted its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 44.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,169 shares of the construction company’s stock after acquiring an additional 4,943 shares during the quarter. Intech Investment Management LLC’s holdings in Gibraltar Industries were worth $1,131,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Gibraltar Industries by 2.4% during the first quarter. Vanguard Group Inc. now owns 2,888,642 shares of the construction company’s stock worth $232,622,000 after purchasing an additional 68,728 shares in the last quarter. Lazard Asset Management LLC grew its stake in Gibraltar Industries by 9,273.9% in the 1st quarter. Lazard Asset Management LLC now owns 2,156 shares of the construction company’s stock valued at $173,000 after acquiring an additional 2,133 shares during the period. Hancock Whitney Corp purchased a new stake in Gibraltar Industries in the 1st quarter worth $558,000. Swedbank AB acquired a new position in Gibraltar Industries during the first quarter worth $17,016,000. Finally, NBW Capital LLC purchased a new position in Gibraltar Industries during the first quarter valued at $2,106,000. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Price Performance

Shares of Gibraltar Industries stock opened at $71.85 on Thursday. The stock has a market capitalization of $2.18 billion, a P/E ratio of 19.96 and a beta of 1.14. The business has a 50 day simple moving average of $69.59 and a two-hundred day simple moving average of $70.15. 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 data on Wednesday, October 30th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.26 by $0.01. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The firm had revenue of $361.20 million during the quarter, compared to the consensus estimate of $360.43 million. During the same period in the prior year, the company earned $1.38 EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. As a group, research analysts anticipate that Gibraltar Industries, Inc. will post 4.18 EPS for the current fiscal 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.