Aristides Capital LLC Makes New $242,000 Investment in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Aristides Capital LLC bought a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,000 shares of the construction company’s stock, valued at approximately $242,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROCK. Quadrant Capital Group LLC lifted its stake in shares of Gibraltar Industries by 26.3% in the fourth quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock worth $53,000 after buying an additional 139 shares in the last quarter. Natixis Advisors L.P. lifted its position in shares of Gibraltar Industries by 1.1% in the fourth quarter. Natixis Advisors L.P. now owns 18,326 shares of the construction company’s stock valued at $1,447,000 after acquiring an additional 194 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Gibraltar Industries by 8.7% in the fourth quarter. Mackenzie Financial Corp now owns 4,321 shares of the construction company’s stock valued at $341,000 after acquiring an additional 345 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in shares of Gibraltar Industries by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 26,637 shares of the construction company’s stock worth $2,145,000 after buying an additional 345 shares in the last quarter. Finally, Anchor Capital Advisors LLC lifted its position in shares of Gibraltar Industries by 2.1% in the first quarter. Anchor Capital Advisors LLC now owns 17,831 shares of the construction company’s stock worth $1,436,000 after buying an additional 364 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 29th.

Gibraltar Industries Stock Performance

Gibraltar Industries stock traded up $2.61 during mid-day trading on Friday, reaching $80.87. 178,992 shares of the company were exchanged, compared to its average volume of 156,272. The business has a fifty day moving average of $72.11 and a 200 day moving average of $75.72. The firm has a market cap of $2.46 billion, a P/E ratio of 21.74 and a beta of 1.15. Gibraltar Industries, Inc. has a 12-month low of $59.66 and a 12-month high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. Gibraltar Industries had a return on equity of 14.39% and a net margin of 8.31%. The company had revenue of $292.51 million for the quarter, compared to the consensus estimate of $296.29 million. During the same period last year, the firm earned $0.70 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Sell-side analysts predict that Gibraltar Industries, Inc. will post 4.79 EPS for the current year.

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.