AlphaQuest LLC Buys 15,494 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

AlphaQuest LLC increased its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 134.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,023 shares of the construction company's stock after acquiring an additional 15,494 shares during the period. AlphaQuest LLC owned about 0.09% of Gibraltar Industries worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company's stock worth $27,000 after acquiring an additional 277 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Gibraltar Industries by 296.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock worth $42,000 after purchasing an additional 530 shares in the last quarter. Atticus Wealth Management LLC acquired a new position in Gibraltar Industries during the fourth quarter worth $53,000. KBC Group NV raised its holdings in Gibraltar Industries by 50.2% during the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after buying an additional 480 shares in the last quarter. Finally, Quarry LP lifted its position in shares of 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 buying an additional 329 shares during the last quarter. Institutional investors and hedge funds own 98.39% of the company's stock.

Remove Ads

Analyst Ratings Changes

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

Gibraltar Industries Stock Down 2.7 %

ROCK stock traded down $1.79 during midday trading on Wednesday, hitting $64.04. 420,674 shares of the company traded hands, compared to its average volume of 182,349. The business has a 50 day simple moving average of $61.87 and a 200-day simple moving average of $65.97. Gibraltar Industries, Inc. has a twelve month low of $55.31 and a twelve month high of $81.90. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 14.33 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.06. The firm had revenue of $302.06 million during 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%. The business's revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. Equities research analysts forecast 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.