Marks Group Wealth Management Inc Acquires 7,546 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Marks Group Wealth Management Inc raised its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 12.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 70,686 shares of the construction company’s stock after buying an additional 7,546 shares during the period. Marks Group Wealth Management Inc’s holdings in Gibraltar Industries were worth $5,401,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Schroder Investment Management Group raised its position in Gibraltar Industries by 2.6% during the 1st quarter. Schroder Investment Management Group now owns 680,344 shares of the construction company’s stock worth $62,258,000 after buying an additional 16,966 shares during the last quarter. BlackRock Inc. grew its stake in Gibraltar Industries by 2.6% in the 1st quarter. BlackRock Inc. now owns 5,331,129 shares of the construction company’s stock valued at $487,854,000 after acquiring an additional 135,944 shares during the period. Swiss National Bank boosted its stake in Gibraltar Industries by 1.1% during the 1st quarter. Swiss National Bank now owns 74,300 shares of the construction company’s stock worth $6,799,000 after purchasing an additional 800 shares during the last quarter. Eaton Vance Management acquired a new stake in Gibraltar Industries during the 1st quarter worth $35,000. Finally, Champlain Investment Partners LLC purchased a new position in shares of Gibraltar Industries during the 1st quarter worth $15,227,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

ROCK traded up $0.78 on Wednesday, hitting $68.38. The company had a trading volume of 769 shares, compared to its average volume of 171,292. The firm has a market cap of $2.23 billion, a P/E ratio of 34.85 and a beta of 1.06. The company has a current ratio of 1.39, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average price is $72.65 and its 200 day moving average price is $79.96. Gibraltar Industries, Inc. has a 1 year low of $56.97 and a 1 year high of $103.02.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Tuesday, August 3rd. The construction company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.07). Gibraltar Industries had a net margin of 5.19% and a return on equity of 12.93%. The firm had revenue of $348.39 million during the quarter, compared to analysts’ expectations of $327.35 million. During the same quarter in the prior year, the firm posted $0.75 EPS. Gibraltar Industries’s quarterly revenue was up 36.5% compared to the same quarter last year. On average, analysts predict that Gibraltar Industries, Inc. will post 3.4 earnings per share for the current year.

About Gibraltar Industries

Gibraltar Industries, Inc engages in the manufacture and provision of products and services for the renewable energy, conservation, residential, and infrastructure markets. It operates through the following segments: Residential Products, Infrastructure Products, and Renewable Energy and Conservation.

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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