Atticus Wealth Management LLC Purchases Shares of 900 Gibraltar Industries, Inc. (NASDAQ:ROCK)

Atticus Wealth Management LLC bought a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 900 shares of the construction company’s stock, valued at approximately $53,000.

A number of other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted 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 worth $27,000 after buying an additional 277 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Gibraltar Industries by 30.6% during the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock valued at $51,000 after buying an additional 170 shares during the period. Quarry LP raised its stake in Gibraltar Industries by 428.9% in the second quarter. Quarry LP now owns 989 shares of the construction company’s stock worth $68,000 after buying an additional 802 shares in the last quarter. KBC Group NV boosted its position in Gibraltar Industries by 50.2% during the 4th quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock valued at $85,000 after acquiring an additional 480 shares in the last quarter. Finally, Point72 DIFC Ltd grew its holdings in shares of Gibraltar Industries by 92.1% during the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock worth $91,000 after acquiring an additional 637 shares during the period. 98.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 31st.

Gibraltar Industries Stock Up 1.5 %

NASDAQ ROCK opened at $62.32 on Monday. Gibraltar Industries, Inc. has a 52 week low of $55.31 and a 52 week high of $87.40. The firm has a market capitalization of $1.89 billion, a P/E ratio of 17.31 and a beta of 1.19. The company has a 50-day moving average price of $64.56 and a 200-day moving average price of $67.90.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.01. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The business had revenue of $361.20 million during the quarter, compared to analyst estimates of $360.43 million. During the same quarter in the previous year, the business earned $1.38 earnings per share. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.18 EPS for the current 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.