Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. raised its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 129.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,082 shares of the construction company’s stock after buying an additional 27,114 shares during the period. Edgestream Partners L.P. owned about 0.16% of Gibraltar Industries worth $2,832,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROCK. Farther Finance Advisors LLC lifted its position in Gibraltar Industries by 271.6% during the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock valued at $27,000 after buying an additional 277 shares in the last quarter. Atria Investments Inc lifted its position in Gibraltar Industries by 14.8% during the third quarter. Atria Investments Inc now owns 4,085 shares of the construction company’s stock valued at $286,000 after buying an additional 528 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in Gibraltar Industries by 13.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 28,823 shares of the construction company’s stock valued at $2,016,000 after buying an additional 3,455 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Gibraltar Industries by 27.8% during the third quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company’s stock worth $103,613,000 after purchasing an additional 322,422 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Gibraltar Industries by 21.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 15,477 shares of the construction company’s stock worth $1,082,000 after purchasing an additional 2,691 shares in the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

Gibraltar Industries Trading Up 0.3 %

NASDAQ ROCK opened at $66.48 on Monday. The company’s fifty day simple moving average is $61.49 and its 200-day simple moving average is $66.00. Gibraltar Industries, Inc. has a 52 week low of $55.31 and a 52 week high of $81.90. The stock has a market cap of $2.02 billion, a P/E ratio of 14.87 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The business had revenue of $302.06 million for the quarter, compared to analysts’ expectations of $307.93 million. During the same period in the previous year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, research analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.