Wealthfront Advisers LLC bought a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,128 shares of the construction company’s stock, valued at approximately $714,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Gibraltar Industries by 1,663.5% in the 3rd quarter. FMR LLC now owns 726,667 shares of the construction company’s stock valued at $50,816,000 after acquiring an additional 685,462 shares during the last quarter. State Street Corp increased its holdings in Gibraltar Industries by 4.6% in the 3rd quarter. State Street Corp now owns 1,278,283 shares of the construction company’s stock worth $89,390,000 after purchasing an additional 56,008 shares in the last quarter. Barclays PLC boosted its stake in shares of Gibraltar Industries by 93.8% during the third quarter. Barclays PLC now owns 103,324 shares of the construction company’s stock valued at $7,226,000 after purchasing an additional 50,017 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Gibraltar Industries by 4.1% in the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company’s stock valued at $58,676,000 after buying an additional 32,950 shares during the period. Finally, Wedge Capital Management L L P NC bought a new position in Gibraltar Industries in the 4th quarter valued at approximately $1,727,000. Institutional investors own 98.39% of the company’s stock.
Gibraltar Industries Stock Up 3.6 %
Shares of NASDAQ:ROCK opened at $65.43 on Friday. The firm has a market cap of $1.99 billion, a P/E ratio of 14.64 and a beta of 1.20. Gibraltar Industries, Inc. has a 12-month low of $55.31 and a 12-month high of $81.90. The business has a fifty day simple moving average of $62.09 and a 200 day simple moving average of $65.91.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 20th.
Get Our Latest Analysis on Gibraltar Industries
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.
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