Expect Equity LLC grew its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) by 44.8% in the fourth quarter, HoldingsChannel reports. The fund owned 51,533 shares of the construction company’s stock after purchasing an additional 15,955 shares during the quarter. Gibraltar Industries makes up about 2.5% of Expect Equity LLC’s portfolio, making the stock its 17th largest holding. Expect Equity LLC’s holdings in Gibraltar Industries were worth $2,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of Gibraltar Industries by 73.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock valued at $28,000 after acquiring an additional 203 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Gibraltar Industries by 822.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the construction company’s stock valued at $25,000 after acquiring an additional 444 shares during the period. Hantz Financial Services Inc. boosted its holdings in Gibraltar Industries by 240.0% in the 4th quarter. Hantz Financial Services Inc. now owns 510 shares of the construction company’s stock worth $25,000 after buying an additional 360 shares during the period. Advisory Services Network LLC bought a new position in Gibraltar Industries in the 3rd quarter worth $38,000. Finally, Kestra Advisory Services LLC bought a new position in Gibraltar Industries in the 4th quarter worth $39,000. Institutional investors own 98.39% of the company’s stock.
Gibraltar Industries Stock Down 2.3%
ROCK opened at $40.52 on Thursday. The firm has a 50-day simple moving average of $38.64 and a two-hundred day simple moving average of $45.06. Gibraltar Industries, Inc. has a 52 week low of $33.56 and a 52 week high of $75.08. The company has a market capitalization of $1.20 billion, a PE ratio of -9.11, a price-to-earnings-growth ratio of 0.73 and a beta of 1.24. The company has a quick ratio of 0.87, a current ratio of 1.41 and a debt-to-equity ratio of 1.39.
Analyst Ratings Changes
Several research analysts recently weighed in on ROCK shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gibraltar Industries in a report on Friday, May 29th. Seaport Research Partners reissued a “buy” rating and set a $55.00 price objective on shares of Gibraltar Industries in a report on Tuesday, May 12th. Finally, Zacks Research raised shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Get Our Latest Research Report on ROCK
Insider Activity
In other Gibraltar Industries news, CFO Joseph A. Lovechio bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $34.62 per share, for a total transaction of $34,620.00. Following the transaction, the chief financial officer owned 13,390 shares of the company’s stock, valued at $463,561.80. This represents a 8.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Katherine Bolanowski bought 1,400 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average price of $35.63 per share, for a total transaction of $49,882.00. Following the completion of the transaction, the vice president directly owned 17,389 shares in the company, valued at approximately $619,570.07. This represents a 8.76% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 22,135 shares of company stock worth $823,380. 0.90% of the stock is currently owned by corporate insiders.
About Gibraltar Industries
Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.
In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.
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Want to see what other hedge funds are holding ROCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report).
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