Intech Investment Management LLC Buys 28,501 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Intech Investment Management LLC grew its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 176.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,670 shares of the construction company's stock after acquiring an additional 28,501 shares during the period. Intech Investment Management LLC owned 0.15% of Gibraltar Industries worth $2,631,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its stake in Gibraltar Industries by 296.1% during 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 during the period. Atticus Wealth Management LLC acquired a new stake in shares of Gibraltar Industries during the 4th quarter worth approximately $53,000. Quarry LP grew its position in shares of Gibraltar Industries by 33.3% during the 3rd 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 period. KBC Group NV increased its stake in shares of Gibraltar Industries by 50.2% in the 4th quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after acquiring an additional 480 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Gibraltar Industries by 106.6% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,806 shares of the construction company's stock valued at $126,000 after acquiring an additional 932 shares during the period. 98.39% of the stock is owned by institutional investors.

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Gibraltar Industries Trading Up 4.1 %

ROCK stock traded up $2.47 during trading on Monday, reaching $63.36. 334,078 shares of the stock were exchanged, compared to its average volume of 187,262. The firm's 50 day moving average is $62.71 and its 200 day moving average is $65.77. The firm has a market cap of $1.92 billion, a P/E ratio of 14.17 and a beta of 1.20. Gibraltar Industries, Inc. has a twelve month low of $55.31 and a twelve month high of $81.90.

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

Wall Street Analysts Forecast Growth

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

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.