Bailard Inc. Takes $206,000 Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Bailard Inc. purchased a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,500 shares of the construction company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock worth $27,000 after acquiring an additional 277 shares during the last quarter. Atria Investments Inc boosted its stake in Gibraltar Industries by 14.8% in the 3rd quarter. Atria Investments Inc now owns 4,085 shares of the construction company’s stock worth $286,000 after purchasing an additional 528 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Gibraltar Industries by 13.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 28,823 shares of the construction company’s stock valued at $2,016,000 after purchasing an additional 3,455 shares during the last quarter. Victory Capital Management Inc. increased its stake in Gibraltar Industries by 27.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company’s stock valued at $103,613,000 after purchasing an additional 322,422 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Gibraltar Industries by 21.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 15,477 shares of the construction company’s stock worth $1,082,000 after buying an additional 2,691 shares during the last quarter. Institutional investors own 98.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Gibraltar Industries Trading Up 0.9 %

Gibraltar Industries stock opened at $65.56 on Thursday. Gibraltar Industries, Inc. has a 12 month low of $55.31 and a 12 month high of $81.90. The stock has a fifty day simple moving average of $61.23 and a two-hundred day simple moving average of $66.00. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 14.67 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data 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 company had revenue of $302.06 million during 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 for the quarter was down 8.1% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. On average, equities research analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal 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.