Aristides Capital LLC bought a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,000 shares of the construction company’s stock, valued at approximately $242,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Raymond James & Associates increased its stake in Gibraltar Industries by 3.2% in the fourth quarter. Raymond James & Associates now owns 53,872 shares of the construction company’s stock worth $4,255,000 after purchasing an additional 1,660 shares during the period. Ritholtz Wealth Management increased its stake in Gibraltar Industries by 15.0% in the fourth quarter. Ritholtz Wealth Management now owns 4,205 shares of the construction company’s stock worth $332,000 after purchasing an additional 549 shares during the period. AlphaMark Advisors LLC increased its stake in Gibraltar Industries by 2,421.3% in the fourth quarter. AlphaMark Advisors LLC now owns 3,782 shares of the construction company’s stock worth $299,000 after purchasing an additional 3,632 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Gibraltar Industries by 9.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 634,595 shares of the construction company’s stock worth $50,120,000 after buying an additional 56,126 shares in the last quarter. Finally, Cerity Partners LLC bought a new position in shares of Gibraltar Industries during the 4th quarter worth $308,000. Hedge funds and other institutional investors own 98.39% of the company’s stock.
Gibraltar Industries Stock Performance
ROCK stock traded up $2.61 during trading on Friday, reaching $80.87. 178,992 shares of the company traded hands, compared to its average volume of 156,272. Gibraltar Industries, Inc. has a 12 month low of $59.66 and a 12 month high of $87.40. The business has a 50 day simple moving average of $72.11 and a 200 day simple moving average of $75.72. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 21.74 and a beta of 1.15.
Analysts Set New Price Targets
Separately, StockNews.com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 29th.
View Our Latest Stock Report on Gibraltar Industries
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.
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