Quantbot Technologies LP Purchases 1,595 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Quantbot Technologies LP increased its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 8.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,805 shares of the construction company’s stock after acquiring an additional 1,595 shares during the period. Quantbot Technologies LP owned about 0.07% of Gibraltar Industries worth $1,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in Gibraltar Industries by 1,663.5% in the third quarter. FMR LLC now owns 726,667 shares of the construction company’s stock valued at $50,816,000 after purchasing an additional 685,462 shares during the period. Geode Capital Management LLC raised its position in shares of Gibraltar Industries by 4.1% during the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company’s stock worth $58,676,000 after acquiring an additional 32,950 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Gibraltar Industries in the third quarter worth approximately $792,000. Citigroup Inc. boosted its holdings in Gibraltar Industries by 29.5% in the third quarter. Citigroup Inc. now owns 58,768 shares of the construction company’s stock valued at $4,110,000 after acquiring an additional 13,392 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Gibraltar Industries by 8.2% during the 3rd quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company’s stock valued at $401,000 after purchasing an additional 445 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.

Wall Street Analyst Weigh In

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

Gibraltar Industries Stock Down 0.6 %

ROCK stock opened at $62.99 on Wednesday. The company’s fifty day simple moving average is $62.88 and its 200 day simple moving average is $65.73. Gibraltar Industries, Inc. has a 12-month low of $55.31 and a 12-month high of $81.90. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 14.09 and a beta of 1.20.

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

About Gibraltar Industries

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.