AXQ Capital LP Takes $317,000 Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

AXQ Capital LP acquired a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,389 shares of the construction company’s stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ROCK. FMR LLC increased its stake in shares of Gibraltar Industries by 1,663.5% during the 3rd quarter. FMR LLC now owns 726,667 shares of the construction company’s stock valued at $50,816,000 after acquiring an additional 685,462 shares during the last quarter. State Street Corp increased its position in Gibraltar Industries by 4.6% during the 3rd quarter. State Street Corp now owns 1,278,283 shares of the construction company’s stock worth $89,390,000 after purchasing an additional 56,008 shares in the last quarter. Barclays PLC increased its position in Gibraltar Industries by 93.8% during the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company’s stock worth $7,226,000 after purchasing an additional 50,017 shares in the last quarter. Geode Capital Management LLC increased its position in Gibraltar Industries by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company’s stock worth $58,676,000 after purchasing an additional 32,950 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in Gibraltar Industries during the 4th quarter worth approximately $1,727,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Gibraltar Industries Stock Performance

ROCK opened at $60.89 on Monday. The firm has a 50 day moving average price of $62.71 and a 200 day moving average price of $65.77. The company has a market cap of $1.85 billion, a PE ratio of 13.62 and a beta of 1.20. Gibraltar Industries, Inc. has a 1 year low of $55.31 and a 1 year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data 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. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The company had revenue of $302.06 million during the quarter, compared to the consensus estimate of $307.93 million. During the same quarter last year, the company earned $0.85 earnings per share. Gibraltar Industries’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, sell-side analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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.