AXQ Capital LP Makes New Investment in Gibraltar Industries, Inc. (NASDAQ:ROCK)

AXQ Capital LP bought a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 5,389 shares of the construction company’s stock, valued at approximately $317,000.

Several other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its position in shares of Gibraltar Industries by 296.1% in the 4th 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 stake in shares of Gibraltar Industries in the 4th quarter worth about $53,000. Quarry LP boosted its position in shares of Gibraltar Industries by 33.3% in the 3rd 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. KBC Group NV boosted 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 buying an additional 480 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Gibraltar Industries by 106.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,806 shares of the construction company’s stock worth $126,000 after buying an additional 932 shares in the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Stock Down 5.1 %

Gibraltar Industries stock opened at $60.89 on Monday. Gibraltar Industries, Inc. has a 52 week low of $55.31 and a 52 week high of $81.90. The firm’s 50-day simple moving average is $62.71 and its 200 day simple moving average is $65.77. The firm has a market capitalization of $1.85 billion, a PE ratio of 13.62 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results 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. The company had revenue of $302.06 million for the quarter, compared to analyst estimates of $307.93 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. On average, research analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

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.