Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC boosted its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 25.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,037 shares of the construction company’s stock after acquiring an additional 2,228 shares during the quarter. EntryPoint Capital LLC’s holdings in Gibraltar Industries were worth $650,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Gibraltar Industries by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company’s stock worth $176,122,000 after purchasing an additional 15,201 shares in the last quarter. LPL Financial LLC lifted its stake in Gibraltar Industries by 14.8% during the 4th quarter. LPL Financial LLC now owns 8,516 shares of the construction company’s stock worth $502,000 after acquiring an additional 1,097 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Gibraltar Industries during the 4th quarter valued at about $377,000. AXQ Capital LP acquired a new position in Gibraltar Industries in the 4th quarter valued at about $317,000. Finally, Sei Investments Co. increased its stake in Gibraltar Industries by 37.8% during the fourth quarter. Sei Investments Co. now owns 27,373 shares of the construction company’s stock worth $1,612,000 after purchasing an additional 7,513 shares during the period. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

ROCK stock opened at $63.36 on Tuesday. Gibraltar Industries, Inc. has a fifty-two week low of $55.31 and a fifty-two week high of $81.90. The company’s 50 day moving average price is $62.82 and its 200 day moving average price is $65.75. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 14.17 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, topping 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 the consensus estimate of $307.93 million. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The company’s revenue was down 8.1% compared to the same quarter last year. Equities analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS 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.