1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership increased its stake in shares of Gibraltar Industries, Inc. ( NASDAQ:ROCK – Free Report ) by 124.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 129,043 shares of the construction company’s stock after acquiring an additional 71,532 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.43% of Gibraltar Industries worth $7,601,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its position in shares of Gibraltar Industries by 296.1% during the 4th quarter.
Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock worth $42,000 after purchasing an additional 530 shares in the last quarter. Atticus Wealth Management LLC acquired a new position in Gibraltar Industries during the 4th quarter worth approximately $53,000. KBC Group NV raised its stake in Gibraltar Industries by 50.
2% during 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 during the period. Quarry LP boosted its holdings in Gibraltar Industries by 33.
3% in the third quarter. Quarry LP now owns 1,318 shares of the construction company’s stock worth $92,000 after acquiring an additional 329 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Gibraltar Industries in the fourth quarter valued at approximately $117,000.
98.39% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Separately, StockNews.
com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Gibraltar Industries Trading Down 1.9 % Gibraltar Industries stock opened at $52.
51 on Monday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 11.
75 and a beta of 1.22. The firm’s fifty day moving average price is $62.
24 and its two-hundred day moving average price is $65.17. Gibraltar Industries, Inc.
has a 1-year low of $48.96 and a 1-year high of $81.90.
Gibraltar Industries ( NASDAQ:ROCK – Get Free Report ) last announced its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.
95 by $0.06. The business had revenue of $302.
06 million for the quarter, compared to analysts’ expectations of $307.93 million. Gibraltar Industries had a net margin of 10.
49% and a return on equity of 13.19%. The firm’s revenue for the quarter was down 8.
1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS.
On average, research analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.
Gibraltar Industries Company Profile ( Free Report ) 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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