Royce & Associates LP Has $9.27 Million Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Royce & Associates LP lifted its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 157,325 shares of the construction company's stock after purchasing an additional 5,127 shares during the quarter. Royce & Associates LP owned about 0.52% of Gibraltar Industries worth $9,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in ROCK. Smartleaf Asset Management LLC lifted its position in Gibraltar Industries by 296.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock valued at $42,000 after purchasing an additional 530 shares during the last quarter. Atticus Wealth Management LLC bought a new stake in shares of Gibraltar Industries during the fourth quarter valued at about $53,000. KBC Group NV lifted its holdings in Gibraltar Industries by 50.2% in the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock worth $85,000 after purchasing an additional 480 shares during the period. Quarry LP grew its position in Gibraltar Industries by 33.3% in the 3rd quarter. Quarry LP now owns 1,318 shares of the construction company's stock valued at $92,000 after buying an additional 329 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Gibraltar Industries during the 4th quarter worth about $117,000. Institutional investors own 98.39% of the company's stock.

Analyst Ratings Changes

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

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Gibraltar Industries Trading Down 5.1 %

Shares of NASDAQ ROCK traded down $3.25 during midday trading on Friday, reaching $60.89. The company's stock had a trading volume of 1,243,925 shares, compared to its average volume of 186,455. Gibraltar Industries, Inc. has a one year low of $55.31 and a one year high of $81.90. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 13.62 and a beta of 1.20. The company has a 50 day moving average price of $62.71 and a 200 day moving average price of $65.78.

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

Gibraltar Industries Company 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.