Wedge Capital Management L L P NC acquired a new position in Gibraltar Industries Inc (NASDAQ:ROCK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 138,408 shares of the construction company’s stock, valued at approximately $4,567,000.

A number of other institutional investors have also bought and sold shares of the business. Assenagon Asset Management S.A. acquired a new position in shares of Gibraltar Industries during the fourth quarter valued at $2,899,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Gibraltar Industries by 19.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 195,718 shares of the construction company’s stock valued at $6,459,000 after acquiring an additional 32,468 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of Gibraltar Industries during the third quarter valued at $742,000. Epoch Investment Partners Inc. lifted its stake in shares of Gibraltar Industries by 2.0% during the third quarter. Epoch Investment Partners Inc. now owns 366,580 shares of the construction company’s stock valued at $11,419,000 after acquiring an additional 7,353 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Gibraltar Industries by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,426,842 shares of the construction company’s stock valued at $75,596,000 after acquiring an additional 34,097 shares during the period.

Several equities analysts have recently issued reports on ROCK shares. TheStreet raised Gibraltar Industries from a “c” rating to a “b-” rating in a research note on Friday, November 3rd. KeyCorp reaffirmed a “buy” rating and set a $39.00 price target on shares of Gibraltar Industries in a research note on Friday, November 17th. Zacks Investment Research raised 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 raised Gibraltar Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $42.00.

Shares of Gibraltar Industries Inc (NASDAQ:ROCK) opened at $34.25 on Wednesday. The company has a market capitalization of $1,071.06, a PE ratio of 21.13 and a beta of 1.81. The company has a quick ratio of 1.93, a current ratio of 2.36 and a debt-to-equity ratio of 0.41. Gibraltar Industries Inc has a fifty-two week low of $25.61 and a fifty-two week high of $44.90.

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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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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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