Vanguard Group Inc. Has $175.73 Million Stake in Gibraltar Industries, Inc. $ROCK

Key Points

• Vanguard Group Inc. increased its stake in Gibraltar Industries by 0.2% in Q1, owning $175.73 million worth of shares, representing 10.16% of the company.
• Institutional investors collectively hold 98.39% of Gibraltar Industries' stock, indicating strong institutional interest.
• Gibraltar Industries reported earnings per share of $1.13, missing analysts' estimates of $1.16, with revenue of $309.50 million compared to an estimate of $381.40 million.

Vanguard Group Inc. grew its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 0.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,995,655 shares of the construction company's stock after acquiring an additional 5,476 shares during the quarter. Vanguard Group Inc. owned 10.16% of Gibraltar Industries worth $175,725,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Jefferies Financial Group Inc. acquired a new position in Gibraltar Industries during the first quarter worth about $397,000. Natixis Advisors LLC raised its stake in Gibraltar Industries by 10.7% during the first quarter. Natixis Advisors LLC now owns 13,024 shares of the construction company's stock worth $764,000 after acquiring an additional 1,261 shares in the last quarter. Federated Hermes Inc. raised its stake in Gibraltar Industries by 1.4% during the first quarter. Federated Hermes Inc. now owns 22,289 shares of the construction company's stock worth $1,307,000 after acquiring an additional 318 shares in the last quarter. Picton Mahoney Asset Management increased its stake in shares of Gibraltar Industries by 24,011.8% in the first quarter. Picton Mahoney Asset Management now owns 4,099 shares of the construction company's stock valued at $240,000 after buying an additional 4,082 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Gibraltar Industries by 19.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,972 shares of the construction company's stock valued at $878,000 after buying an additional 2,423 shares during the period. Institutional investors and hedge funds own 98.39% of the company's stock.

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Stock Performance

NASDAQ:ROCK opened at $62.92 on Wednesday. The company has a market capitalization of $1.86 billion, a PE ratio of 15.09, a P/E/G ratio of 0.96 and a beta of 1.32. The company has a 50 day simple moving average of $61.83 and a two-hundred day simple moving average of $60.24. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $74.97.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its earnings results on Wednesday, August 6th. The construction company reported $1.13 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.03). The firm had revenue of $309.50 million for 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 business's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 EPS. Research analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

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.

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