Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC lifted its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 134.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,023 shares of the construction company’s stock after acquiring an additional 15,494 shares during the period. AlphaQuest LLC owned 0.09% of Gibraltar Industries worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in Gibraltar Industries by 271.6% during the third 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. Smartleaf Asset Management LLC lifted its position in Gibraltar Industries by 296.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock worth $42,000 after buying an additional 530 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in Gibraltar Industries during the fourth quarter worth approximately $53,000. KBC Group NV lifted its position in Gibraltar Industries by 50.2% during the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock worth $85,000 after buying an additional 480 shares in the last quarter. Finally, Quarry LP lifted its position in Gibraltar Industries by 33.3% during the third quarter. Quarry LP now owns 1,318 shares of the construction company’s stock worth $92,000 after buying an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Up 0.3 %

NASDAQ:ROCK opened at $66.48 on Monday. Gibraltar Industries, Inc. has a 52 week low of $55.31 and a 52 week high of $81.90. The company has a market capitalization of $2.02 billion, a P/E ratio of 14.87 and a beta of 1.20. The stock’s fifty day moving average is $61.49 and its two-hundred day moving average is $66.00.

Gibraltar Industries (NASDAQ:ROCK) last posted its 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. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The company had revenue of $302.06 million for the quarter, compared to the consensus estimate of $307.93 million. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. Sell-side analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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