6,763 Shares in Gibraltar Industries, Inc. (NASDAQ:ROCK) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,763 shares of the construction company's stock, valued at approximately $397,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC lifted its position in Gibraltar Industries by 14.8% during the fourth quarter. LPL Financial LLC now owns 8,516 shares of the construction company's stock worth $502,000 after buying an additional 1,097 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Gibraltar Industries by 39.5% during the 4th quarter. JPMorgan Chase & Co. now owns 204,466 shares of the construction company's stock valued at $12,043,000 after buying an additional 57,928 shares during the period. Norges Bank purchased a new position in shares of Gibraltar Industries in the 4th quarter worth about $1,571,000. Franklin Resources Inc. lifted its stake in shares of Gibraltar Industries by 8.8% in the 4th quarter. Franklin Resources Inc. now owns 6,393 shares of the construction company's stock valued at $377,000 after purchasing an additional 519 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Gibraltar Industries by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company's stock worth $50,359,000 after purchasing an additional 15,889 shares in the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Gibraltar Industries Trading Down 3.2%

Gibraltar Industries stock traded down $1.93 during midday trading on Friday, hitting $58.15. The stock had a trading volume of 253,071 shares, compared to its average volume of 241,194. The business has a fifty day moving average price of $61.52 and a 200 day moving average price of $60.25. Gibraltar Industries, Inc. has a 12 month low of $48.96 and a 12 month high of $74.97. The stock has a market cap of $1.72 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.80 and a beta of 1.32.

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