Quantbot Technologies LP Purchases 1,595 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Quantbot Technologies LP boosted its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 8.3% during the 4th quarter, Holdings Channel reports. The fund owned 20,805 shares of the construction company’s stock after buying an additional 1,595 shares during the period. Quantbot Technologies LP’s holdings in Gibraltar Industries were worth $1,225,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in Gibraltar Industries by 296.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock valued at $42,000 after acquiring an additional 530 shares in the last quarter. Atticus Wealth Management LLC bought a new stake in Gibraltar Industries during the fourth quarter worth $53,000. KBC Group NV raised its position in Gibraltar Industries by 50.2% in the 4th quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock valued at $85,000 after buying an additional 480 shares during the last quarter. Quarry LP lifted its stake in Gibraltar Industries by 33.3% during the 3rd quarter. Quarry LP now owns 1,318 shares of the construction company’s stock valued at $92,000 after acquiring an additional 329 shares in the last quarter. Finally, SG Americas Securities LLC purchased 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.

Analysts Set New Price Targets

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 Stock Down 0.6 %

Gibraltar Industries stock opened at $62.99 on Wednesday. Gibraltar Industries, Inc. has a 52 week low of $55.31 and a 52 week high of $81.90. The company’s 50 day moving average price is $62.88 and its two-hundred day moving average price is $65.73. The stock has a market cap of $1.91 billion, a P/E ratio of 14.09 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.06. The firm had revenue of $302.06 million during the quarter, compared to analyst estimates of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS. On average, equities analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Gibraltar Industries 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.