Gibraltar Industries, Inc. $ROCK Shares Acquired by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC increased its stake in Gibraltar Industries, Inc. by 204.4% in the first quarter, owning 191,688 shares valued at approximately $11.24 million at the end of that quarter.
• Gibraltar Industries reported Q2 earnings of $1.13 EPS, missing analysts' expectations, and a revenue of $309.5 million, while also experiencing a 13.1% year-over-year increase in revenue.
• Wall Street analysts downgraded Gibraltar Industries from a "buy" rating to a "hold" rating as of August 2nd, reflecting a shift in market sentiment regarding the stock.

Ancora Advisors LLC boosted its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 204.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,688 shares of the construction company's stock after purchasing an additional 128,721 shares during the period. Ancora Advisors LLC owned approximately 0.65% of Gibraltar Industries worth $11,244,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in Gibraltar Industries by 29.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company's stock worth $67,000 after acquiring an additional 261 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Gibraltar Industries by 40.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company's stock worth $59,000 after purchasing an additional 288 shares in the last quarter. GAMMA Investing LLC grew its stake in Gibraltar Industries by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock worth $47,000 after purchasing an additional 313 shares in the last quarter. Federated Hermes Inc. grew its stake in Gibraltar Industries by 1.4% during the 1st quarter. Federated Hermes Inc. now owns 22,289 shares of the construction company's stock worth $1,307,000 after purchasing an additional 318 shares in the last quarter. Finally, Cascade Investment Advisors Inc. grew its stake in Gibraltar Industries by 1.6% during the 1st quarter. Cascade Investment Advisors Inc. now owns 20,875 shares of the construction company's stock worth $1,225,000 after purchasing an additional 320 shares in the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Gibraltar Industries Stock Performance

NASDAQ ROCK traded down $0.33 during trading hours on Friday, hitting $61.74. The company had a trading volume of 146,158 shares, compared to its average volume of 205,570. Gibraltar Industries, Inc. has a 1-year low of $48.96 and a 1-year high of $74.97. The company has a market cap of $1.82 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.95 and a beta of 1.26. The business has a 50 day moving average of $62.86 and a 200-day moving average of $60.52.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released 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 company had revenue of $309.50 million during the quarter, compared to analyst estimates of $381.40 million. During the same quarter in the prior year, the company earned $1.18 EPS. The business's revenue was up 13.1% on a year-over-year basis. Sell-side analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share 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.