Pacer Advisors Inc. Increases Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Pacer Advisors Inc. lifted its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCKFree Report) by 122.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 820,031 shares of the construction company’s stock after buying an additional 450,665 shares during the period. Pacer Advisors Inc. owned about 2.69% of Gibraltar Industries worth $64,766,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millburn Ridgefield Corp purchased a new position in Gibraltar Industries in the third quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Gibraltar Industries during the 3rd quarter valued at $28,000. Covestor Ltd lifted its position in shares of Gibraltar Industries by 13,540.0% during the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock valued at $46,000 after buying an additional 677 shares during the last quarter. PrairieView Partners LLC lifted its position in shares of Gibraltar Industries by 100.0% during the 3rd quarter. PrairieView Partners LLC now owns 816 shares of the construction company’s stock valued at $55,000 after buying an additional 408 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Gibraltar Industries during the 1st quarter valued at $67,000. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

Read Our Latest Research Report on ROCK

Gibraltar Industries Stock Performance

NASDAQ:ROCK opened at $80.37 on Monday. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 22.39 and a beta of 1.17. The business’s fifty day moving average is $79.98 and its 200 day moving average is $73.36. Gibraltar Industries, Inc. has a 52-week low of $44.98 and a 52-week high of $87.40.

Gibraltar Industries (NASDAQ:ROCKGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The construction company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. The business had revenue of $328.80 million during the quarter, compared to analysts’ expectations of $331.40 million. During the same period in the previous year, the business earned $0.72 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Equities analysts predict that Gibraltar Industries, Inc. will post 4.73 EPS for the current fiscal year.

Gibraltar Industries 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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