JPMorgan Chase & Co. Grows Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

JPMorgan Chase & Co. raised its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 204,466 shares of the construction company's stock after purchasing an additional 57,928 shares during the period. JPMorgan Chase & Co. owned about 0.67% of Gibraltar Industries worth $12,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ROCK. EntryPoint Capital LLC grew its stake in Gibraltar Industries by 25.3% in the 4th quarter. EntryPoint Capital LLC now owns 11,037 shares of the construction company's stock valued at $650,000 after acquiring an additional 2,228 shares during the period. Vanguard Group Inc. grew its position in shares of Gibraltar Industries by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company's stock valued at $176,122,000 after purchasing an additional 15,201 shares during the period. LPL Financial LLC increased its stake in shares of Gibraltar Industries by 14.8% during the fourth quarter. LPL Financial LLC now owns 8,516 shares of the construction company's stock worth $502,000 after purchasing an additional 1,097 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Gibraltar Industries during the fourth quarter worth about $377,000. Finally, AXQ Capital LP acquired a new position in shares of Gibraltar Industries during the 4th quarter worth about $317,000. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Performance

Shares of NASDAQ:ROCK traded down $0.02 during trading on Friday, reaching $51.78. The stock had a trading volume of 179,753 shares, compared to its average volume of 211,578. The business has a fifty day moving average price of $60.42 and a 200-day moving average price of $63.84. Gibraltar Industries, Inc. has a 1-year low of $48.96 and a 1-year high of $81.90. The stock has a market cap of $1.54 billion, a PE ratio of 11.58 and a beta of 1.22.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 10.49% and a return on equity of 13.19%. The firm's quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 EPS. Sell-side analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research note 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.