PineBridge Investments L.P. increased its stake in Gibraltar Industries Inc. (NASDAQ:ROCK) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,772 shares of the company’s stock after buying an additional 140 shares during the period. PineBridge Investments L.P.’s holdings in Gibraltar Industries were worth $119,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of ROCK. Teacher Retirement System of Texas raised its position in Gibraltar Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,119 shares of the company’s stock valued at $130,000 after buying an additional 499 shares in the last quarter. KBC Group NV bought a new position in Gibraltar Industries during the second quarter valued at about $137,000. Capstone Asset Management Co. raised its position in Gibraltar Industries by 2.9% in the second quarter. Capstone Asset Management Co. now owns 8,979 shares of the company’s stock valued at $283,000 after buying an additional 250 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Gibraltar Industries by 130.4% in the second quarter. BNP Paribas Arbitrage SA now owns 9,356 shares of the company’s stock valued at $295,000 after buying an additional 5,296 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Gibraltar Industries during the second quarter valued at about $301,000. Institutional investors and hedge funds own 98.24% of the company’s stock.
Gibraltar Industries Inc. (NASDAQ:ROCK) opened at 37.30 on Thursday. Gibraltar Industries Inc. has a 12-month low of $18.23 and a 12-month high of $40.00. The firm’s 50-day moving average price is $37.43 and its 200 day moving average price is $32.48. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 31.85 and a beta of 2.25.
Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Thursday, July 28th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.07. Gibraltar Industries had a return on equity of 11.17% and a net margin of 3.44%. The firm earned $263.10 million during the quarter, compared to analysts’ expectations of $271.27 million. During the same period in the prior year, the company earned $0.25 earnings per share. The company’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 year.
Several research analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and issued a $38.00 price target (up from $33.00) on shares of Gibraltar Industries in a research report on Friday, July 15th. Zacks Investment Research upgraded Gibraltar Industries from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Thursday, June 30th.
Gibraltar Industries Company Profile
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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