Jackson Creek Investment Advisors LLC Acquires Shares of 13,818 Gibraltar Industries, Inc. (NASDAQ:ROCK)

Jackson Creek Investment Advisors LLC purchased a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 13,818 shares of the construction company’s stock, valued at approximately $1,091,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROCK. Pacer Advisors Inc. increased its holdings in Gibraltar Industries by 122.0% during the fourth quarter. Pacer Advisors Inc. now owns 820,031 shares of the construction company’s stock valued at $64,766,000 after buying an additional 450,665 shares during the period. Assenagon Asset Management S.A. lifted its position in Gibraltar Industries by 182.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 335,518 shares of the construction company’s stock worth $22,651,000 after acquiring an additional 216,818 shares during the period. Invesco Ltd. lifted its holdings in shares of Gibraltar Industries by 72.2% during the third quarter. Invesco Ltd. now owns 245,220 shares of the construction company’s stock worth $16,555,000 after purchasing an additional 102,848 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Gibraltar Industries by 9.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 634,595 shares of the construction company’s stock worth $50,120,000 after purchasing an additional 56,126 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Gibraltar Industries by 79.4% in the third quarter. Qube Research & Technologies Ltd now owns 78,786 shares of the construction company’s stock worth $5,319,000 after buying an additional 34,866 shares during the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Gibraltar Industries Stock Performance

Shares of ROCK stock traded down $1.46 on Tuesday, hitting $71.46. 147,495 shares of the stock traded hands, compared to its average volume of 172,493. The firm’s 50-day moving average price is $76.25 and its two-hundred day moving average price is $74.79. The stock has a market capitalization of $2.18 billion, a PE ratio of 19.91 and a beta of 1.17. Gibraltar Industries, Inc. has a twelve month low of $48.76 and a twelve month high of $87.40.

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