Invesco Ltd. Acquires 102,150 Shares of Gibraltar Industries, Inc. $ROCK

Invesco Ltd. raised its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 68.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 250,865 shares of the construction company’s stock after purchasing an additional 102,150 shares during the period. Invesco Ltd.’s holdings in Gibraltar Industries were worth $14,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LPL Financial LLC grew its position in Gibraltar Industries by 14.8% in the fourth quarter. LPL Financial LLC now owns 8,516 shares of the construction company’s stock valued at $502,000 after acquiring an additional 1,097 shares during the period. Wells Fargo & Company MN grew its position in Gibraltar Industries by 35.4% in the fourth quarter. Wells Fargo & Company MN now owns 16,645 shares of the construction company’s stock valued at $980,000 after acquiring an additional 4,348 shares during the period. Raymond James Financial Inc. bought a new stake in Gibraltar Industries in the fourth quarter valued at $1,131,000. Sterling Capital Management LLC grew its position in Gibraltar Industries by 645.1% in the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company’s stock valued at $31,000 after acquiring an additional 458 shares during the period. Finally, Marshall Wace LLP bought a new stake in Gibraltar Industries in the fourth quarter valued at $1,551,000. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Performance

Shares of ROCK opened at $65.70 on Friday. The stock has a fifty day moving average price of $62.11 and a two-hundred day moving average price of $60.31. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $74.97. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 0.94 and a beta of 1.32.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.03). Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. The business had revenue of $309.50 million during the quarter, compared to the consensus estimate of $381.40 million. During the same quarter in the previous year, the firm posted $1.18 EPS. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, research analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd.

About Gibraltar Industries

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.