GAMMA Investing LLC Buys Shares of 705 Gibraltar Industries, Inc. (NASDAQ:ROCK)

GAMMA Investing LLC purchased a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 705 shares of the construction company’s stock, valued at approximately $57,000.

A number of other institutional investors also recently modified their holdings of the business. Millburn Ridgefield Corp bought a new position in Gibraltar Industries in the third quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Gibraltar Industries during the 3rd quarter valued at approximately $28,000. Covestor Ltd increased its position in Gibraltar Industries by 13,540.0% during the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock worth $46,000 after purchasing an additional 677 shares in the last quarter. Buck Wealth Strategies LLC lifted its stake in Gibraltar Industries by 379.9% in the 3rd quarter. Buck Wealth Strategies LLC now owns 1,243 shares of the construction company’s stock valued at $84,000 after purchasing an additional 984 shares during the last quarter. Finally, Advisor Partners II LLC acquired a new stake in Gibraltar Industries in the third quarter valued at approximately $204,000. 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 report on Monday.

Gibraltar Industries Stock Down 3.6 %

Shares of ROCK opened at $68.86 on Thursday. The stock has a market cap of $2.10 billion, a PE ratio of 19.18 and a beta of 1.17. Gibraltar Industries, Inc. has a 12-month low of $48.76 and a 12-month high of $87.40. The business has a 50-day simple moving average of $75.98 and a two-hundred day simple moving average of $74.85.

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