Bank of Montreal Can Purchases 423 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Bank of Montreal Can boosted its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,691 shares of the construction company’s stock after purchasing an additional 423 shares during the quarter. Bank of Montreal Can’s holdings in Gibraltar Industries were worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of Gibraltar Industries by 296.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock worth $42,000 after buying an additional 530 shares in the last quarter. Atticus Wealth Management LLC bought a new stake in shares of Gibraltar Industries during the 4th quarter valued at about $53,000. KBC Group NV grew its holdings in shares of 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 purchasing an additional 480 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Gibraltar Industries in the fourth quarter worth approximately $117,000. Finally, PNC Financial Services Group Inc. raised its stake in Gibraltar Industries by 7.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company’s stock valued at $200,000 after purchasing an additional 228 shares in the last quarter. 98.39% of the stock is owned by institutional investors.

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 note on Thursday, February 20th.

Gibraltar Industries Stock Performance

Shares of NASDAQ:ROCK opened at $51.28 on Thursday. The firm has a fifty day moving average of $59.95 and a 200 day moving average of $63.42. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $81.90. The firm has a market capitalization of $1.52 billion, a PE ratio of 11.47 and a beta of 1.22.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 earnings per share 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 firm had revenue of $302.06 million for the quarter, compared to analyst estimates of $307.93 million. During the same period last year, the company earned $0.85 EPS. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

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.