Public Employees Retirement Association of Colorado increased its stake in Gibraltar Industries Inc (NASDAQ:ROCK) by 12.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 540,641 shares of the construction company’s stock after acquiring an additional 58,617 shares during the period. Public Employees Retirement Association of Colorado owned approximately 1.68% of Gibraltar Industries worth $21,820,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROCK. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Gibraltar Industries by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,185 shares of the construction company’s stock valued at $89,000 after buying an additional 533 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of Gibraltar Industries during the first quarter valued at approximately $246,000. Sawtooth Solutions LLC purchased a new stake in shares of Gibraltar Industries during the first quarter valued at approximately $263,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Gibraltar Industries during the second quarter valued at approximately $265,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of Gibraltar Industries during the first quarter valued at approximately $287,000.
A number of analysts recently issued reports on ROCK shares. Zacks Investment Research lowered shares of Gibraltar Industries from a “hold” rating to a “sell” rating and set a $39.00 price target for the company. in a research note on Tuesday, May 28th. BidaskClub upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd.
Shares of NASDAQ:ROCK traded down $0.32 during midday trading on Wednesday, reaching $42.60. The company had a trading volume of 1,411 shares, compared to its average volume of 150,022. The stock has a market cap of $1.36 billion, a PE ratio of 19.91 and a beta of 1.53. The company’s fifty day simple moving average is $40.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.92 and a quick ratio of 1.47. Gibraltar Industries Inc has a one year low of $31.96 and a one year high of $49.10.
Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Friday, July 26th. The construction company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). The business had revenue of $262.70 million during the quarter, compared to analyst estimates of $273.30 million. Gibraltar Industries had a return on equity of 11.80% and a net margin of 5.82%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. As a group, equities analysts anticipate that Gibraltar Industries Inc will post 2.48 earnings per share for the current year.
Gibraltar Industries Profile
Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.
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