Oxford Asset Management LLP Acquires Shares of 6,511 Gibraltar Industries, Inc. (NASDAQ:ROCK)

Oxford Asset Management LLP bought a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 6,511 shares of the construction company's stock, valued at approximately $383,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROCK. Sterling Capital Management LLC raised its holdings in shares of Gibraltar Industries by 645.1% in the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock worth $31,000 after purchasing an additional 458 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Gibraltar Industries by 296.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock worth $42,000 after acquiring an additional 530 shares in the last quarter. Atticus Wealth Management LLC bought a new position in Gibraltar Industries during the 4th quarter worth approximately $53,000. KBC Group NV boosted its holdings in shares of Gibraltar Industries by 50.2% during the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock worth $85,000 after purchasing an additional 480 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Gibraltar Industries during the 4th quarter valued at $117,000. Institutional investors own 98.39% of the company's stock.

Gibraltar Industries Trading Up 4.4 %

ROCK traded up $2.47 during trading on Friday, hitting $58.00. 164,360 shares of the company traded hands, compared to its average volume of 215,574. The company has a market cap of $1.72 billion, a PE ratio of 12.97 and a beta of 1.22. Gibraltar Industries, Inc. has a 1 year low of $48.96 and a 1 year high of $81.90. The stock's 50-day simple moving average is $58.80 and its two-hundred day simple moving average is $62.74.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.09. The business had revenue of $290.02 million for the quarter, compared to the consensus estimate of $296.77 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The business's revenue was down .9% compared to the same quarter last year. During the same period last year, the business posted $0.80 EPS. Equities analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 20th.

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.