Assenagon Asset Management S.A. bought a new position in Gibraltar Industries Inc (NASDAQ:ROCK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 87,834 shares of the construction company’s stock, valued at approximately $2,899,000.
A number of other hedge funds also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its holdings in Gibraltar Industries by 19.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 195,718 shares of the construction company’s stock worth $6,459,000 after purchasing an additional 32,468 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in Gibraltar Industries in the third quarter worth approximately $742,000. Epoch Investment Partners Inc. boosted its holdings in Gibraltar Industries by 2.0% in the third quarter. Epoch Investment Partners Inc. now owns 366,580 shares of the construction company’s stock worth $11,419,000 after purchasing an additional 7,353 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Gibraltar Industries by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,426,842 shares of the construction company’s stock worth $75,596,000 after purchasing an additional 34,097 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Gibraltar Industries in the third quarter worth approximately $750,000.
Several equities research analysts recently issued reports on ROCK shares. KeyCorp restated a “buy” rating and issued a $39.00 target price on shares of Gibraltar Industries in a report on Sunday, October 15th. TheStreet upgraded shares of Gibraltar Industries from a “c” rating to a “b-” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, November 7th. Finally, BidaskClub cut shares of Gibraltar Industries from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $42.00.
Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.11. The business had revenue of $274.57 million for the quarter, compared to analysts’ expectations of $275.80 million. Gibraltar Industries had a net margin of 3.08% and a return on equity of 10.77%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. equities research analysts forecast that Gibraltar Industries Inc will post 1.64 earnings per share for the current fiscal year.
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About Gibraltar Industries
Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.
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