1 week Ago By ABMN Staff
Norges Bank bought a new position in shares of Gibraltar Industries, Inc. ( NASDAQ:ROCK – Free Report ) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 26,679 shares of the construction company’s stock, valued at approximately $1,571,000.
Norges Bank owned approximately 0.09% of Gibraltar Industries at the end of the most recent reporting period. Other institutional investors have also added to or reduced their stakes in the company.
Captrust Financial Advisors boosted its stake in shares of Gibraltar Industries by 48.7% during the third quarter. Captrust Financial Advisors now owns 6,091 shares of the construction company’s stock valued at $426,000 after purchasing an additional 1,995 shares in the last quarter.
Verition Fund Management LLC raised its stake in Gibraltar Industries by 35.2% in the third quarter. Verition Fund Management LLC now owns 6,369 shares of the construction company’s stock worth $445,000 after buying an additional 1,657 shares in the last quarter.
HighTower Advisors LLC lifted its holdings in Gibraltar Industries by 11.9% during the third quarter. HighTower Advisors LLC now owns 3,442 shares of the construction company’s stock worth $245,000 after buying an additional 366 shares during the period.
State Street Corp boosted its position in Gibraltar Industries by 4.6% during the 3rd quarter. State Street Corp now owns 1,278,283 shares of the construction company’s stock valued at $89,390,000 after acquiring an additional 56,008 shares in the last quarter.
Finally, Jane Street Group LLC increased its holdings in shares of Gibraltar Industries by 50.6% in the 3rd quarter. Jane Street Group LLC now owns 53,397 shares of the construction company’s stock valued at $3,734,000 after acquiring an additional 17,938 shares during the period.
Hedge funds and other institutional investors own 98.39% of the company’s stock. Wall Street Analyst Weigh In Separately, StockNews.
com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Gibraltar Industries Stock Performance NASDAQ:ROCK opened at $54.23 on Friday.
The company’s 50-day simple moving average is $61.18 and its 200-day simple moving average is $64.40.
Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $81.
90. The stock has a market capitalization of $1.61 billion, a P/E ratio of 12.
13 and a beta of 1.22. Gibraltar Industries ( NASDAQ:ROCK – Get Free Report ) last announced its 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 company had revenue of $302.06 million during the quarter, compared to the consensus estimate of $307.
93 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.
19%. Gibraltar Industries’s revenue was down 8.1% compared to the same quarter last year.
During the same period last year, the firm earned $0.85 earnings per share. On average, research analysts forecast that Gibraltar Industries, Inc.
will post 4.91 EPS for the current year. Gibraltar Industries 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. Read More Want to see what other hedge funds are holding ROCK? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Gibraltar Industries, Inc. ( NASDAQ:ROCK – Free Report ). Receive News & Ratings for Gibraltar Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibraltar Industries and related companies with MarketBeat.
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