6,400 Shares in Gibraltar Industries, Inc. (NASDAQ:ROCK) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,400 shares of the construction company's stock, valued at approximately $377,000.

Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Gibraltar Industries by 7.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock worth $200,000 after acquiring an additional 228 shares during the period. Illinois Municipal Retirement Fund raised its position in Gibraltar Industries by 1.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 16,871 shares of the construction company's stock valued at $994,000 after purchasing an additional 237 shares in the last quarter. Quarry LP lifted its stake in Gibraltar Industries by 33.3% during the third quarter. Quarry LP now owns 1,318 shares of the construction company's stock worth $92,000 after purchasing an additional 329 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of Gibraltar Industries by 5.0% in the 4th quarter. Keybank National Association OH now owns 7,148 shares of the construction company's stock valued at $421,000 after purchasing an additional 343 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Gibraltar Industries by 11.9% in the 3rd quarter. HighTower Advisors LLC now owns 3,442 shares of the construction company's stock valued at $245,000 after purchasing an additional 366 shares during the last quarter. 98.39% of the stock is owned by institutional investors.

Gibraltar Industries Stock Up 9.8 %

Shares of NASDAQ:ROCK traded up $5.02 during trading on Wednesday, hitting $56.40. 482,115 shares of the company were exchanged, compared to its average volume of 208,672. Gibraltar Industries, Inc. has a 1-year low of $48.96 and a 1-year high of $81.90. The company has a market capitalization of $1.67 billion, a P/E ratio of 12.62 and a beta of 1.22. The business's 50 day moving average is $61.39 and its 200-day moving average is $64.61.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.06. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The business had revenue of $302.06 million during the quarter, compared to analysts' expectations of $307.93 million. During the same quarter in the prior year, the firm earned $0.85 EPS. The business's revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research note 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.