Bailard Inc. Invests $206,000 in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Bailard Inc. purchased a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,500 shares of the construction company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROCK. Farther Finance Advisors LLC grew its position in shares of Gibraltar Industries by 271.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock worth $27,000 after buying an additional 277 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Gibraltar Industries by 296.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock valued at $42,000 after acquiring an additional 530 shares in the last quarter. Atticus Wealth Management LLC bought a new stake in Gibraltar Industries in the fourth quarter valued at $53,000. Quarry LP increased its position in Gibraltar Industries by 33.3% during the 3rd quarter. Quarry LP now owns 1,318 shares of the construction company’s stock valued at $92,000 after purchasing an additional 329 shares during the period. Finally, KBC Group NV raised its holdings in 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 purchasing an additional 480 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Performance

ROCK stock opened at $65.56 on Thursday. Gibraltar Industries, Inc. has a fifty-two week low of $55.31 and a fifty-two week high of $81.90. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.67 and a beta of 1.20. The business’s 50 day moving average price is $61.23 and its two-hundred day moving average price is $66.00.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.06. The company had revenue of $302.06 million for the quarter, compared to analysts’ expectations of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. Sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Analyst Ratings Changes

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

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.