Atticus Wealth Management LLC Takes $53,000 Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Atticus Wealth Management LLC purchased a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 900 shares of the construction company’s stock, valued at approximately $53,000.

A number of other institutional investors also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in shares of Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock worth $27,000 after acquiring an additional 277 shares during the period. GAMMA Investing LLC grew its stake in shares of Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after purchasing an additional 170 shares during the period. Quarry LP grew its holdings in Gibraltar Industries by 428.9% in the second quarter. Quarry LP now owns 989 shares of the construction company’s stock valued at $68,000 after purchasing an additional 802 shares during the period. KBC Group NV lifted its holdings in Gibraltar Industries by 50.2% during the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock valued at $85,000 after purchasing an additional 480 shares in the last quarter. Finally, Point72 DIFC Ltd increased its stake in Gibraltar Industries by 92.1% during the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock worth $91,000 after buying an additional 637 shares in the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Up 1.5 %

Shares of ROCK opened at $62.32 on Monday. The stock has a 50 day moving average price of $64.56 and a 200 day moving average price of $67.90. Gibraltar Industries, Inc. has a 52-week low of $55.31 and a 52-week high of $87.40. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 17.31 and a beta of 1.19.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.01. The company had revenue of $361.20 million during the quarter, compared to analysts’ expectations of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.38 EPS. On average, equities analysts anticipate that Gibraltar Industries, Inc. will post 4.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 31st.

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.