KBC Group NV Acquires 480 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

KBC Group NV increased its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 50.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,436 shares of the construction company’s stock after buying an additional 480 shares during the period. KBC Group NV’s holdings in Gibraltar Industries were worth $85,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its stake in shares of Gibraltar Industries by 14.7% in the third quarter. Handelsbanken Fonder AB now owns 7,009 shares of the construction company’s stock worth $490,000 after purchasing an additional 900 shares during the last quarter. GAMMA Investing LLC raised its position in Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after purchasing an additional 170 shares during the last quarter. Inspire Investing LLC lifted its holdings in Gibraltar Industries by 14.5% during the 3rd quarter. Inspire Investing LLC now owns 5,884 shares of the construction company’s stock worth $411,000 after buying an additional 744 shares during the period. Wesbanco Bank Inc. grew its position in shares of Gibraltar Industries by 35.5% in the 3rd quarter. Wesbanco Bank Inc. now owns 24,428 shares of the construction company’s stock valued at $1,708,000 after buying an additional 6,400 shares during the last quarter. Finally, Bfsg LLC raised its position in shares of Gibraltar Industries by 4,096.6% during the third quarter. Bfsg LLC now owns 69,705 shares of the construction company’s stock worth $4,874,000 after acquiring an additional 68,044 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 31st.

Gibraltar Industries Stock Down 1.2 %

Shares of NASDAQ ROCK opened at $59.24 on Monday. The company has a market capitalization of $1.80 billion, a PE ratio of 16.46 and a beta of 1.20. Gibraltar Industries, Inc. has a twelve month low of $55.31 and a twelve month high of $87.40. The firm has a fifty day simple moving average of $62.50 and a 200 day simple moving average of $66.79.

Gibraltar Industries 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.