Swiss National Bank Purchases 400 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Swiss National Bank grew its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,900 shares of the construction company’s stock after purchasing an additional 400 shares during the quarter. Swiss National Bank’s holdings in Gibraltar Industries were worth $3,528,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ROCK. Smartleaf Asset Management LLC grew its holdings in Gibraltar Industries by 296.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock worth $42,000 after acquiring an additional 530 shares during the period. Atticus Wealth Management LLC acquired a new position in Gibraltar Industries in the fourth quarter valued at about $53,000. KBC Group NV boosted its holdings in 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 buying an additional 480 shares during the last quarter. Quarry LP grew its position 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 period. Finally, SG Americas Securities LLC bought a new stake in shares of Gibraltar Industries in the 4th quarter valued at about $117,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Wall Street Analyst Weigh In

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 1.9 %

ROCK opened at $61.81 on Thursday. The company has a fifty day simple moving average of $62.89 and a 200 day simple moving average of $65.71. The stock has a market cap of $1.88 billion, a P/E ratio of 13.83 and a beta of 1.20. Gibraltar Industries, Inc. has a 12 month low of $55.31 and a 12 month high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $307.93 million. During the same quarter in the previous year, the business posted $0.85 EPS. Gibraltar Industries’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities research analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

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.