Emerald Acquisition Ltd. bought a new stake in Gibraltar Industries Inc. (NASDAQ:ROCK) during the second quarter, Holdings Channel reports. The fund bought 46,712 shares of the company’s stock, valued at approximately $1,475,000. Emerald Acquisition Ltd. owned about 0.15% of Gibraltar Industries at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in ROCK. KBC Group NV bought a new stake in shares of Gibraltar Industries during the second quarter valued at about $137,000. Swiss National Bank boosted its stake in shares of Gibraltar Industries by 2.6% in the second quarter. Swiss National Bank now owns 51,700 shares of the company’s stock valued at $1,632,000 after buying an additional 1,300 shares in the last quarter. AGF Investments Inc. boosted its stake in shares of Gibraltar Industries by 29.8% in the second quarter. AGF Investments Inc. now owns 149,043 shares of the company’s stock valued at $4,704,000 after buying an additional 34,234 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Gibraltar Industries by 0.8% in the second quarter. California State Teachers Retirement System now owns 66,136 shares of the company’s stock valued at $2,088,000 after buying an additional 555 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Gibraltar Industries by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 410,270 shares of the company’s stock valued at $12,952,000 after buying an additional 19,657 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.
Gibraltar Industries Inc. (NASDAQ:ROCK) traded up 1.47% during trading on Wednesday, hitting $37.35. 37,614 shares of the company traded hands. The firm has a market cap of $1.18 billion, a P/E ratio of 31.90 and a beta of 2.25. Gibraltar Industries Inc. has a one year low of $18.23 and a one year high of $40.00. The firm has a 50 day moving average of $37.44 and a 200 day moving average of $32.44.
Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Thursday, July 28th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.39 by $0.07. Gibraltar Industries had a net margin of 3.44% and a return on equity of 11.17%. The business earned $263.10 million during the quarter, compared to analyst estimates of $271.27 million. During the same period in the prior year, the business earned $0.25 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts expect that Gibraltar Industries Inc. will post $1.45 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on ROCK. Zacks Investment Research cut shares of Gibraltar Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Wedbush reissued an “outperform” rating and set a $38.00 price objective (up from $33.00) on shares of Gibraltar Industries in a research note on Friday, July 15th.
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 operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.
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