Anchor Capital Advisors LLC Buys 433 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Anchor Capital Advisors LLC lifted its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,745 shares of the construction company’s stock after purchasing an additional 433 shares during the quarter. Anchor Capital Advisors LLC owned 0.09% of Gibraltar Industries worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew 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 worth $27,000 after buying an additional 277 shares during the last quarter. Atria Investments Inc grew its position in Gibraltar Industries by 14.8% during the 3rd quarter. Atria Investments Inc now owns 4,085 shares of the construction company’s stock worth $286,000 after acquiring an additional 528 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Gibraltar Industries by 13.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 28,823 shares of the construction company’s stock worth $2,016,000 after purchasing an additional 3,455 shares in the last quarter. Victory Capital Management Inc. raised its position in Gibraltar Industries by 27.8% in the third quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company’s stock valued at $103,613,000 after purchasing an additional 322,422 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Gibraltar Industries by 21.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 15,477 shares of the construction company’s stock valued at $1,082,000 after purchasing an additional 2,691 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 20th.

Gibraltar Industries Stock Performance

Shares of NASDAQ ROCK opened at $65.71 on Friday. The stock has a market cap of $1.99 billion, a P/E ratio of 14.70 and a beta of 1.20. The firm has a 50 day moving average price of $60.94 and a two-hundred day moving average price of $66.00. Gibraltar Industries, Inc. has a 52-week low of $55.31 and a 52-week high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.06. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The business had revenue of $302.06 million during the quarter, compared to analyst estimates of $307.93 million. During the same period last year, the company earned $0.85 EPS. Gibraltar Industries’s revenue for the quarter was down 8.1% compared to the same quarter last year. Analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Gibraltar Industries Company 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.