AXQ Capital LP Takes $317,000 Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

AXQ Capital LP acquired a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,389 shares of the construction company's stock, valued at approximately $317,000.

Several other institutional investors have also recently made changes to their positions in ROCK. Intech Investment Management LLC boosted its stake in Gibraltar Industries by 44.0% in the 3rd quarter. Intech Investment Management LLC now owns 16,169 shares of the construction company's stock worth $1,131,000 after purchasing an additional 4,943 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Gibraltar Industries by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 410,781 shares of the construction company's stock worth $28,726,000 after acquiring an additional 19,614 shares during the last quarter. Citigroup Inc. boosted its position in shares of Gibraltar Industries by 29.5% during the third quarter. Citigroup Inc. now owns 58,768 shares of the construction company's stock worth $4,110,000 after acquiring an additional 13,392 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Gibraltar Industries during the third quarter valued at $792,000. Finally, FMR LLC increased its holdings in 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 acquiring an additional 685,462 shares during the last quarter. Hedge funds and other institutional investors own 98.39% of the company's stock.

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Gibraltar Industries Stock Up 0.2 %

NASDAQ ROCK traded up $0.10 during trading on Thursday, hitting $61.91. 249,634 shares of the stock traded hands, compared to its average volume of 188,632. Gibraltar Industries, Inc. has a 12-month low of $55.31 and a 12-month high of $81.90. The firm has a 50-day simple moving average of $62.89 and a 200-day simple moving average of $65.71. The company has a market capitalization of $1.88 billion, a P/E ratio of 13.85 and a beta of 1.20.

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

Analysts Set New Price Targets

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

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.