Proficio Capital Partners LLC Takes $892,000 Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Proficio Capital Partners LLC bought a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,137 shares of the construction company's stock, valued at approximately $892,000.

A number of other hedge funds have also recently made changes to their positions in ROCK. Smartleaf Asset Management LLC boosted its position in Gibraltar Industries by 296.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock valued at $42,000 after buying an additional 530 shares during the period. Atticus Wealth Management LLC bought a new stake in shares of Gibraltar Industries during the fourth quarter valued at approximately $53,000. KBC Group NV boosted its holdings in shares of Gibraltar Industries by 50.2% in the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after purchasing an additional 480 shares during the period. Quarry LP grew its stake in Gibraltar Industries by 33.3% in the third quarter. Quarry LP now owns 1,318 shares of the construction company's stock worth $92,000 after purchasing an additional 329 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Gibraltar Industries in the fourth quarter worth approximately $117,000. 98.39% of the stock is currently owned by institutional investors.

Gibraltar Industries Price Performance

NASDAQ ROCK traded down $0.37 during trading on Tuesday, reaching $62.99. 283,012 shares of the company's stock traded hands, compared to its average volume of 187,234. Gibraltar Industries, Inc. has a 12-month low of $55.31 and a 12-month high of $81.90. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 14.09 and a beta of 1.20. The company's 50 day simple moving average is $62.82 and its two-hundred day simple moving average is $65.75.

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Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.06. The company had revenue of $302.06 million for the quarter, compared to analyst estimates of $307.93 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. Gibraltar Industries's revenue was down 8.1% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. Research analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.