Invesco Ltd. Has $14.72 Million Stake in Gibraltar Industries, Inc. $ROCK

Key Points

• Invesco Ltd. has increased its shareholding in Gibraltar Industries by 68.7%, acquiring an additional 102,150 shares, bringing its total ownership to 250,865 shares valued at approximately $14.7 million.
• Gibraltar Industries reported quarterly earnings of $1.13 per share, missing estimates, with revenues of $309.5 million compared to a forecast of $381.4 million.
• Analyst ratings for Gibraltar Industries were downgraded from a "buy" to a "hold," reflecting cautious sentiment in the market regarding the company's stock performance.

Invesco Ltd. boosted its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 68.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,865 shares of the construction company's stock after acquiring an additional 102,150 shares during the quarter. Invesco Ltd. owned 0.85% of Gibraltar Industries worth $14,716,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in shares of Gibraltar Industries by 29.4% in the first quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company's stock valued at $67,000 after purchasing an additional 261 shares during the period. GAMMA Investing LLC raised its position in shares of Gibraltar Industries by 63.1% in the first quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock valued at $47,000 after purchasing an additional 313 shares during the period. Federated Hermes Inc. raised its position in shares of Gibraltar Industries by 1.4% in the first quarter. Federated Hermes Inc. now owns 22,289 shares of the construction company's stock valued at $1,307,000 after purchasing an additional 318 shares during the period. Cascade Investment Advisors Inc. raised its position in shares of Gibraltar Industries by 1.6% in the first quarter. Cascade Investment Advisors Inc. now owns 20,875 shares of the construction company's stock valued at $1,225,000 after purchasing an additional 320 shares during the period. Finally, Sterling Capital Management LLC raised its position in shares of 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 purchasing an additional 458 shares during the period. 98.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

Gibraltar Industries Trading Down 0.8%

NASDAQ ROCK traded down $0.52 during trading on Thursday, reaching $64.06. The company's stock had a trading volume of 125,706 shares, compared to its average volume of 253,096. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 1.00 and a beta of 1.32. Gibraltar Industries, Inc. has a 12 month low of $48.96 and a 12 month high of $74.97. The firm has a 50 day moving average price of $62.66 and a 200 day moving average price of $60.44.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.03). The business had revenue of $309.50 million during the quarter, compared to the consensus estimate of $381.40 million. Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. The business's revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. On average, equities analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS 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.