GAMMA Investing LLC bought a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 705 shares of the construction company’s stock, valued at approximately $57,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in Gibraltar Industries by 122.0% during the 4th quarter. Pacer Advisors Inc. now owns 820,031 shares of the construction company’s stock valued at $64,766,000 after purchasing an additional 450,665 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Gibraltar Industries by 182.7% in the third quarter. Assenagon Asset Management S.A. now owns 335,518 shares of the construction company’s stock valued at $22,651,000 after buying an additional 216,818 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Gibraltar Industries by 72.2% in the third quarter. Invesco Ltd. now owns 245,220 shares of the construction company’s stock valued at $16,555,000 after buying an additional 102,848 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Gibraltar Industries by 9.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 634,595 shares of the construction company’s stock worth $50,120,000 after buying an additional 56,126 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in Gibraltar Industries by 79.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 78,786 shares of the construction company’s stock worth $5,319,000 after acquiring an additional 34,866 shares during the last quarter. 98.39% of the stock is owned by institutional investors.
Gibraltar Industries Price Performance
ROCK stock opened at $68.86 on Thursday. The stock has a market capitalization of $2.10 billion, a PE ratio of 19.18 and a beta of 1.17. The company has a 50 day moving average price of $75.98 and a 200 day moving average price of $74.85. Gibraltar Industries, Inc. has a fifty-two week low of $48.76 and a fifty-two week high of $87.40.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday.
Get Our Latest Stock Report on Gibraltar Industries
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.
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