Bailard Inc. lessened its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) by 11.5% in the 4th quarter, Holdings Channel reports. The firm owned 8,500 shares of the construction company’s stock after selling 1,100 shares during the period. Bailard Inc.’s holdings in Gibraltar Industries were worth $671,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Millburn Ridgefield Corp acquired a new position in shares of Gibraltar Industries during the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new stake in Gibraltar Industries in the 3rd quarter valued at about $28,000. Covestor Ltd raised its holdings in Gibraltar Industries by 13,540.0% in the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock valued at $46,000 after acquiring an additional 677 shares during the last quarter. PrairieView Partners LLC raised its holdings in Gibraltar Industries by 100.0% in the 3rd quarter. PrairieView Partners LLC now owns 816 shares of the construction company’s stock valued at $55,000 after acquiring an additional 408 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Gibraltar Industries in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 98.39% of the company’s stock.
Gibraltar Industries Trading Up 1.6 %
ROCK stock opened at $72.26 on Friday. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 20.13 and a beta of 1.17. Gibraltar Industries, Inc. has a 12 month low of $48.52 and a 12 month high of $87.40. The firm has a 50-day moving average of $76.52 and a two-hundred day moving average of $74.59.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, March 29th.
Read Our Latest Stock Analysis on Gibraltar Industries
About Gibraltar Industries
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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