Trexquant Investment LP Boosts Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Trexquant Investment LP raised its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCKFree Report) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,808 shares of the construction company’s stock after acquiring an additional 1,827 shares during the quarter. Trexquant Investment LP owned approximately 0.05% of Gibraltar Industries worth $1,249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ROCK. Catalyst Capital Advisors LLC purchased a new position in Gibraltar Industries in the third quarter valued at about $28,000. Covestor Ltd grew its position in shares of Gibraltar Industries by 13,540.0% in the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock worth $46,000 after buying an additional 677 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Gibraltar Industries by 26.3% in the 4th quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock worth $53,000 after buying an additional 139 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Gibraltar Industries during the 4th quarter worth approximately $57,000. Finally, Coldstream Capital Management Inc. purchased a new stake in Gibraltar Industries during the fourth quarter valued at approximately $203,000. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Performance

Shares of NASDAQ ROCK opened at $72.89 on Wednesday. Gibraltar Industries, Inc. has a fifty-two week low of $51.36 and a fifty-two week high of $87.40. The company has a market cap of $2.22 billion, a PE ratio of 19.59 and a beta of 1.20. The business has a 50-day simple moving average of $74.86 and a two-hundred day simple moving average of $76.28.

Gibraltar Industries (NASDAQ:ROCKGet Free Report) last released its earnings results on Wednesday, May 1st. The construction company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. Gibraltar Industries had a net margin of 8.31% and a return on equity of 14.39%. The company had revenue of $292.51 million during the quarter, compared to analysts’ expectations of $296.29 million. During the same period last year, the business earned $0.70 EPS. Gibraltar Industries’s revenue for the quarter was down .3% on a year-over-year basis. On average, sell-side analysts predict that Gibraltar Industries, Inc. will post 4.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 29th.

View Our Latest Stock Report on Gibraltar Industries

Gibraltar Industries Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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