Rhumbline Advisers Purchases 4,280 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Rhumbline Advisers raised its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,220 shares of the construction company's stock after purchasing an additional 4,280 shares during the period. Rhumbline Advisers owned approximately 0.31% of Gibraltar Industries worth $5,608,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Gibraltar Industries by 1,663.5% during the 3rd quarter. FMR LLC now owns 726,667 shares of the construction company's stock valued at $50,816,000 after purchasing an additional 685,462 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Gibraltar Industries by 27.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company's stock valued at $103,613,000 after acquiring an additional 322,422 shares during the last quarter. State Street Corp grew its position in Gibraltar Industries by 4.6% during the 3rd quarter. State Street Corp now owns 1,278,283 shares of the construction company's stock worth $89,390,000 after acquiring an additional 56,008 shares during the last quarter. Barclays PLC increased its stake in Gibraltar Industries by 93.8% in the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company's stock worth $7,226,000 after purchasing an additional 50,017 shares during the period. Finally, Geode Capital Management LLC lifted its position in Gibraltar Industries by 4.1% in the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company's stock valued at $58,676,000 after purchasing an additional 32,950 shares during the last quarter. Institutional investors own 98.39% of the company's stock.

Remove Ads

Gibraltar Industries Stock Down 1.7 %

Shares of NASDAQ:ROCK traded down $1.12 during midday trading on Monday, hitting $64.60. 245,634 shares of the stock traded hands, compared to its average volume of 224,874. The business's 50 day moving average is $60.94 and its two-hundred day moving average is $66.01. The stock has a market capitalization of $1.96 billion, a PE ratio of 14.44 and a beta of 1.20. Gibraltar Industries, Inc. has a one year low of $55.31 and a one year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly 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. The business had revenue of $302.06 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted $0.85 EPS. As a group, sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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.