Arrowstreet Capital Limited Partnership Boosts Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Arrowstreet Capital Limited Partnership lifted its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 124.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 129,043 shares of the construction company's stock after acquiring an additional 71,532 shares during the period. Arrowstreet Capital Limited Partnership owned 0.43% of Gibraltar Industries worth $7,601,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in 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 purchasing an additional 530 shares during the last quarter. Atticus Wealth Management LLC purchased a new stake in shares of Gibraltar Industries in the 4th quarter valued at approximately $53,000. Quarry LP increased its holdings in shares of 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 buying an additional 329 shares during the last quarter. KBC Group NV increased its holdings in shares of Gibraltar Industries by 50.2% during the 4th quarter. KBC Group NV now owns 1,436 shares of the construction company's stock worth $85,000 after buying an additional 480 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Gibraltar Industries during the 4th quarter valued at approximately $117,000. Hedge funds and other institutional investors own 98.39% of the company's stock.

Gibraltar Industries Stock Performance

Shares of NASDAQ ROCK traded up $0.74 during mid-day trading on Friday, reaching $54.23. 240,760 shares of the company's stock were exchanged, compared to its average volume of 209,751. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 12.13 and a beta of 1.22. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $81.90. The company's 50-day moving average is $61.18 and its 200-day moving average is $64.40.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share 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 analyst estimates of $307.93 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. Gibraltar Industries's revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. As a group, equities analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.