Intech Investment Management LLC Acquires 28,501 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Intech Investment Management LLC lifted its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 176.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 44,670 shares of the construction company’s stock after acquiring an additional 28,501 shares during the period. Intech Investment Management LLC owned approximately 0.15% of Gibraltar Industries worth $2,631,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Gibraltar Industries by 296.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock worth $42,000 after acquiring an additional 530 shares during the period. Atticus Wealth Management LLC bought a new position in shares of Gibraltar Industries in the fourth quarter worth about $53,000. Quarry LP raised its stake in shares of Gibraltar Industries by 33.3% in the third quarter. Quarry LP now owns 1,318 shares of the construction company’s stock worth $92,000 after acquiring an additional 329 shares during the last quarter. KBC Group NV grew its position in shares of Gibraltar Industries by 50.2% during the 4th quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock worth $85,000 after buying an additional 480 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in shares of Gibraltar Industries by 106.6% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,806 shares of the construction company’s stock worth $126,000 after buying an additional 932 shares during the period. 98.39% of the stock is owned by institutional investors.

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 Performance

Shares of NASDAQ ROCK opened at $66.12 on Thursday. The stock has a market cap of $2.01 billion, a P/E ratio of 14.79 and a beta of 1.20. The firm has a 50 day moving average price of $62.51 and a 200 day moving average price of $65.85. Gibraltar Industries, Inc. has a 52-week low of $55.31 and a 52-week high of $81.90.

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