Swedbank AB Buys 9,151 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Swedbank AB grew its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 276,227 shares of the construction company's stock after acquiring an additional 9,151 shares during the period. Swedbank AB owned about 0.91% of Gibraltar Industries worth $16,270,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Gibraltar Industries by 271.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company's stock worth $27,000 after buying an additional 277 shares in the last quarter. GAMMA Investing LLC grew its holdings in Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company's stock worth $51,000 after acquiring an additional 170 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in Gibraltar Industries during the 4th quarter valued at about $53,000. Quarry LP raised its holdings in shares of Gibraltar Industries by 428.9% in the 2nd quarter. Quarry LP now owns 989 shares of the construction company's stock valued at $68,000 after purchasing an additional 802 shares in the last quarter. Finally, KBC Group NV lifted its position 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 worth $85,000 after purchasing an additional 480 shares during the period. Hedge funds and other institutional investors own 98.39% of the company's stock.

Gibraltar Industries Trading Down 1.7 %

ROCK opened at $61.37 on Friday. Gibraltar Industries, Inc. has a 12 month low of $55.31 and a 12 month high of $87.40. The stock has a fifty day moving average price of $63.79 and a 200-day moving average price of $67.59. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 17.05 and a beta of 1.19.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.26 by $0.01. The business had revenue of $361.20 million during the quarter, compared to analyst estimates of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The company's quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 earnings per share. On average, equities research analysts forecast that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, December 31st.

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.

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