EntryPoint Capital LLC Raises Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

EntryPoint Capital LLC grew its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 25.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor 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 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in Gibraltar Industries by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company’s stock valued at $176,122,000 after acquiring an additional 15,201 shares during the last quarter. State Street Corp raised its stake in shares of Gibraltar Industries by 4.6% during the third quarter. State Street Corp now owns 1,278,283 shares of the construction company’s stock worth $89,390,000 after purchasing an additional 56,008 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Gibraltar Industries by 4.1% during the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company’s stock worth $58,676,000 after purchasing an additional 32,950 shares during the period. FMR LLC grew its position in Gibraltar Industries by 1,663.5% in the 3rd quarter. FMR LLC now owns 726,667 shares of the construction company’s stock valued at $50,816,000 after buying an additional 685,462 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Gibraltar Industries by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 431,415 shares of the construction company’s stock valued at $25,410,000 after buying an additional 20,634 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 20th.

Gibraltar Industries Trading Up 4.1 %

NASDAQ ROCK opened at $63.36 on Tuesday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 14.17 and a beta of 1.20. The business’s 50 day moving average is $62.82 and its two-hundred day moving average is $65.75. Gibraltar Industries, Inc. has a 12-month low of $55.31 and a 12-month high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, beating the consensus estimate 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 quarter last year, the business earned $0.85 earnings per share. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Gibraltar Industries 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.