Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Acquired by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC raised its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,467 shares of the construction company’s stock after purchasing an additional 2,062 shares during the period. Anchor Capital Advisors LLC owned 0.06% of Gibraltar Industries worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legato Capital Management LLC acquired a new stake in shares of Gibraltar Industries during the 4th quarter worth approximately $1,008,000. Pacer Advisors Inc. lifted its stake in Gibraltar Industries by 122.0% in the fourth quarter. Pacer Advisors Inc. now owns 820,031 shares of the construction company’s stock valued at $64,766,000 after buying an additional 450,665 shares during the period. Nordea Investment Management AB lifted its stake in Gibraltar Industries by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 113,760 shares of the construction company’s stock valued at $9,005,000 after acquiring an additional 8,055 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Gibraltar Industries by 79.4% during the third quarter. Qube Research & Technologies Ltd now owns 78,786 shares of the construction company’s stock worth $5,319,000 after acquiring an additional 34,866 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its holdings in shares of Gibraltar Industries by 2,421.3% in the 4th quarter. AlphaMark Advisors LLC now owns 3,782 shares of the construction company’s stock valued at $299,000 after purchasing an additional 3,632 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Monday.

Gibraltar Industries Stock Up 0.3 %

NASDAQ ROCK traded up $0.24 during trading on Tuesday, hitting $73.16. 24,004 shares of the stock traded hands, compared to its average volume of 170,981. The firm has a 50-day simple moving average of $76.25 and a 200-day simple moving average of $74.79. Gibraltar Industries, Inc. has a 12-month low of $48.76 and a 12-month high of $87.40. The company has a market capitalization of $2.23 billion, a P/E ratio of 20.32 and a beta of 1.17.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Wednesday, February 21st. The construction company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The firm had revenue of $328.80 million for the quarter, compared to analysts’ expectations of $331.40 million. Gibraltar Industries had a return on equity of 14.50% and a net margin of 8.02%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $0.72 earnings per share. As a group, research analysts predict that Gibraltar Industries, Inc. will post 4.73 EPS 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.