EP Wealth Advisors LLC Invests $250,000 in Gibraltar Industries, Inc. (NASDAQ:ROCK)

EP Wealth Advisors LLC purchased a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,577 shares of the construction company’s stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROCK. Farther Finance Advisors LLC increased its stake 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 valued at $27,000 after buying an additional 277 shares during the period. Innealta Capital LLC bought a new stake in Gibraltar Industries in the second quarter valued at $39,000. GAMMA Investing LLC increased its position in Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock valued at $51,000 after purchasing an additional 170 shares during the period. nVerses Capital LLC purchased a new position in Gibraltar Industries during the 2nd quarter valued at $55,000. Finally, Quarry LP raised its holdings 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. Institutional investors own 98.39% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Gibraltar Industries Stock Performance

Shares of NASDAQ:ROCK opened at $66.98 on Friday. The firm has a market capitalization of $2.03 billion, a P/E ratio of 18.61 and a beta of 1.15. The stock has a 50 day moving average price of $69.58 and a 200-day moving average price of $69.92. Gibraltar Industries, Inc. has a 52-week low of $61.92 and a 52-week high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 earnings per share (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 business had revenue of $361.20 million during the quarter, compared to the consensus estimate of $360.43 million. During the same quarter in the prior year, the company earned $1.38 earnings per share. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, equities analysts forecast 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.