Van ECK Associates Corp Purchases 931 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Van ECK Associates Corp raised its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,089 shares of the construction company’s stock after purchasing an additional 931 shares during the period. Van ECK Associates Corp owned 0.10% of Gibraltar Industries worth $1,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock valued at $27,000 after purchasing an additional 277 shares in the last quarter. Atticus Wealth Management LLC bought a new stake in Gibraltar Industries in the fourth quarter valued at $53,000. KBC Group NV increased its stake in Gibraltar Industries by 50.2% in the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock valued at $85,000 after purchasing an additional 480 shares in the last quarter. Quarry LP increased its stake in Gibraltar Industries by 33.3% in the third quarter. Quarry LP now owns 1,318 shares of the construction company’s stock valued at $92,000 after purchasing an additional 329 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Gibraltar Industries in the fourth quarter valued at $117,000. 98.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Gibraltar Industries Price Performance

Shares of NASDAQ ROCK opened at $64.89 on Friday. The stock has a market capitalization of $1.97 billion, a P/E ratio of 14.52 and a beta of 1.20. The company has a 50-day moving average price of $60.62 and a 200-day moving average price of $65.94. Gibraltar Industries, Inc. has a 1 year low of $55.31 and a 1 year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The firm had revenue of $302.06 million during the quarter, compared to analysts’ expectations of $307.93 million. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue was down 8.1% on a year-over-year basis. As a group, equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.86 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.