Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 75.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,549 shares of the construction company's stock after acquiring an additional 5,400 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Gibraltar Industries were worth $739,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ROCK. AlphaQuest LLC grew its position in Gibraltar Industries by 134.4% in the fourth quarter. AlphaQuest LLC now owns 27,023 shares of the construction company's stock worth $1,592,000 after acquiring an additional 15,494 shares in the last quarter. Amundi boosted its holdings in shares of Gibraltar Industries by 186.9% in the 4th quarter. Amundi now owns 15,393 shares of the construction company's stock worth $908,000 after purchasing an additional 10,027 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Gibraltar Industries by 7.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock worth $200,000 after purchasing an additional 228 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of Gibraltar Industries by 129.3% during the 4th quarter. Edgestream Partners L.P. now owns 48,082 shares of the construction company's stock valued at $2,832,000 after purchasing an additional 27,114 shares during the last quarter. Finally, Inceptionr LLC purchased a new position in shares of Gibraltar Industries during the 4th quarter valued at about $423,000. Hedge funds and other institutional investors own 98.39% of the company's stock.

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Gibraltar Industries Stock Performance

Shares of ROCK stock traded down $0.37 on Tuesday, hitting $62.99. 283,012 shares of the company's stock traded hands, compared to its average volume of 187,234. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 14.09 and a beta of 1.20. The company's fifty day simple moving average is $62.82 and its 200 day simple moving average is $65.75. 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 announced its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.06. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The firm had revenue of $302.06 million for the quarter, compared to analysts' expectations of $307.93 million. During the same period last year, the firm earned $0.85 earnings per share. The company's revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

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