Gibraltar Industries, Inc. (NASDAQ:ROCK) is Teton Advisors Inc.’s 10th Largest Position

Teton Advisors Inc. decreased its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 11.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 75,000 shares of the construction company’s stock after selling 10,000 shares during the period. Gibraltar Industries comprises about 1.9% of Teton Advisors Inc.’s holdings, making the stock its 10th largest holding. Teton Advisors Inc.’s holdings in Gibraltar Industries were worth $5,924,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ROCK. Legato Capital Management LLC purchased a new stake in Gibraltar Industries in the fourth quarter worth about $1,008,000. Pacer Advisors Inc. grew its stake in shares of Gibraltar Industries by 122.0% in the 4th quarter. Pacer Advisors Inc. now owns 820,031 shares of the construction company’s stock worth $64,766,000 after buying an additional 450,665 shares during the last quarter. Nordea Investment Management AB increased its position in Gibraltar Industries by 7.6% during the 4th quarter. Nordea Investment Management AB now owns 113,760 shares of the construction company’s stock valued at $9,005,000 after buying an additional 8,055 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in Gibraltar Industries by 79.4% during the third quarter. Qube Research & Technologies Ltd now owns 78,786 shares of the construction company’s stock valued at $5,319,000 after buying an additional 34,866 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its holdings in Gibraltar Industries by 2,421.3% in the fourth quarter. AlphaMark Advisors LLC now owns 3,782 shares of the construction company’s stock worth $299,000 after acquiring an additional 3,632 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Monday.

Gibraltar Industries Stock Up 0.9 %

Gibraltar Industries stock traded up $0.66 during trading hours on Monday, hitting $72.92. The stock had a trading volume of 116,342 shares, compared to its average volume of 172,798. The stock’s 50-day moving average price is $76.25 and its 200-day moving average price is $74.79. The stock has a market capitalization of $2.22 billion, a P/E ratio of 20.31 and a beta of 1.17. Gibraltar Industries, Inc. has a 12-month low of $48.76 and a 12-month high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, February 21st. The construction company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Gibraltar Industries had a return on equity of 14.50% and a net margin of 8.02%. The firm had revenue of $328.80 million during the quarter, compared to analysts’ expectations of $331.40 million. During the same quarter in the previous year, the firm earned $0.72 earnings per share. Gibraltar Industries’s revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that Gibraltar Industries, Inc. will post 4.73 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.