Public Employees Retirement Association of Colorado cut its stake in shares of Gibraltar Industries Inc. (NASDAQ:ROCK) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 355,418 shares of the company’s stock after selling 982 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Gibraltar Industries were worth $11,221,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in Gibraltar Industries by 0.6% in the first quarter. BlackRock Fund Advisors now owns 1,936,617 shares of the company’s stock valued at $55,387,000 after buying an additional 10,763 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Gibraltar Industries by 9.3% in the first quarter. Renaissance Technologies LLC now owns 1,039,153 shares of the company’s stock valued at $29,720,000 after buying an additional 88,300 shares in the last quarter. Prudential Financial Inc. boosted its stake in Gibraltar Industries by 2.8% in the first quarter. Prudential Financial Inc. now owns 72,785 shares of the company’s stock valued at $2,082,000 after buying an additional 2,000 shares in the last quarter. BlackRock Group LTD boosted its stake in Gibraltar Industries by 10.2% in the first quarter. BlackRock Group LTD now owns 60,825 shares of the company’s stock valued at $1,739,000 after buying an additional 5,630 shares in the last quarter. Finally, Teachers Advisors Inc. boosted its stake in Gibraltar Industries by 11.3% in the first quarter. Teachers Advisors Inc. now owns 54,152 shares of the company’s stock valued at $1,549,000 after buying an additional 5,478 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Gibraltar Industries Inc. (NASDAQ:ROCK) traded down 0.19% during mid-day trading on Friday, hitting $37.37. 117,911 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $37.46 and a 200-day moving average price of $32.87. Gibraltar Industries Inc. has a 52 week low of $18.23 and a 52 week high of $40.00. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 31.91 and a beta of 2.25.
Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.07. The firm had revenue of $263.10 million for the quarter, compared to analyst estimates of $271.27 million. Gibraltar Industries had a net margin of 3.44% and a return on equity of 11.17%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. On average, equities analysts anticipate that Gibraltar Industries Inc. will post $1.45 EPS for the current year.
ROCK has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Thursday, June 30th. Wedbush reaffirmed an “outperform” rating and issued a $38.00 price target on shares of Gibraltar Industries in a report on Thursday, July 28th.
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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