American Century Companies Inc. Acquires 5,605 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

American Century Companies Inc. raised its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,730 shares of the construction company’s stock after buying an additional 5,605 shares during the period. American Century Companies Inc.’s holdings in Gibraltar Industries were worth $4,225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in Gibraltar Industries by 296.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock valued at $42,000 after purchasing an additional 530 shares during the last quarter. Atticus Wealth Management LLC acquired a new position in Gibraltar Industries in the 4th quarter valued at $53,000. KBC Group NV raised its holdings in Gibraltar Industries by 50.2% in the 4th quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock worth $85,000 after acquiring an additional 480 shares during the period. Quarry LP lifted its position in Gibraltar Industries by 33.3% during the 3rd 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. Finally, SG Americas Securities LLC acquired a new position in Gibraltar Industries during the 4th quarter worth $117,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 20th.

Gibraltar Industries Trading Down 1.9 %

ROCK stock opened at $52.51 on Friday. The firm has a market cap of $1.56 billion, a P/E ratio of 11.75 and a beta of 1.22. The business’s 50 day moving average is $62.24 and its 200-day moving average is $65.21. Gibraltar Industries, Inc. has a 1-year low of $48.96 and a 1-year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.95 by $0.06. The business had revenue of $302.06 million for the quarter, compared to the consensus estimate of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. Gibraltar Industries’s revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. Sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current 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.