Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,730 shares of the construction company's stock after acquiring an additional 5,605 shares during the quarter. American Century Companies Inc. owned 0.24% of Gibraltar Industries worth $4,225,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ROCK. FMR LLC raised its holdings in shares of Gibraltar Industries by 1,663.5% in the 3rd quarter. FMR LLC now owns 726,667 shares of the construction company's stock valued at $50,816,000 after purchasing an additional 685,462 shares in the last quarter. Geode Capital Management LLC increased its holdings in Gibraltar Industries by 4.1% in the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company's stock valued at $58,676,000 after buying an additional 32,950 shares during the last quarter. Franklin Resources Inc. raised its stake in Gibraltar Industries by 8.2% in the third quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company's stock valued at $401,000 after buying an additional 445 shares in the last quarter. Barclays PLC lifted its holdings in Gibraltar Industries by 93.8% during the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company's stock worth $7,226,000 after buying an additional 50,017 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Gibraltar Industries by 4.7% during the 4th quarter. Rhumbline Advisers now owns 95,220 shares of the construction company's stock worth $5,608,000 after acquiring an additional 4,280 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company's stock.

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Price Performance

Shares of NASDAQ:ROCK traded down $2.91 during trading on Thursday, hitting $53.49. 247,408 shares of the company were exchanged, compared to its average volume of 209,149. The firm's 50 day moving average price is $61.28 and its 200-day moving average price is $64.50. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $81.90. The stock has a market capitalization of $1.59 billion, a P/E ratio of 11.97 and a beta of 1.22.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.06. The firm had revenue of $302.06 million during the quarter, compared to analysts' expectations of $307.93 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. Gibraltar Industries's quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. As a group, equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current 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.