Quarry LP Increases Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Quarry LP raised its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 41.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,865 shares of the construction company’s stock after purchasing an additional 547 shares during the period. Quarry LP’s holdings in Gibraltar Industries were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Gibraltar Industries by 93.8% in the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company’s stock valued at $7,226,000 after buying an additional 50,017 shares in the last quarter. Franklin Resources Inc. boosted its stake in Gibraltar Industries by 8.2% during the 3rd quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company’s stock worth $401,000 after purchasing an additional 445 shares during the period. Nordea Investment Management AB boosted its stake in Gibraltar Industries by 5.2% during the 4th quarter. Nordea Investment Management AB now owns 102,069 shares of the construction company’s stock worth $6,030,000 after purchasing an additional 5,000 shares during the period. Park Avenue Securities LLC raised its holdings in Gibraltar Industries by 12.8% during the fourth quarter. Park Avenue Securities LLC now owns 3,603 shares of the construction company’s stock worth $212,000 after purchasing an additional 410 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Gibraltar Industries in the 4th quarter valued at approximately $1,727,000. 98.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Gibraltar Industries Stock Up 0.5 %

Shares of NASDAQ:ROCK opened at $52.83 on Wednesday. The business has a fifty day simple moving average of $59.24 and a 200-day simple moving average of $62.89. Gibraltar Industries, Inc. has a 52 week low of $48.96 and a 52 week high of $81.90. The company has a market cap of $1.57 billion, a P/E ratio of 11.82 and a beta of 1.22.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly 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. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The firm had revenue of $302.06 million during 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 firm’s quarterly revenue was down 8.1% compared to the same quarter last year. Sell-side analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Gibraltar Industries Company 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.