Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 49,795 shares of the construction company’s stock, valued at approximately $2,246,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of Gibraltar Industries as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its position in shares of Gibraltar Industries by 240.0% in the 4th quarter. Hantz Financial Services Inc. now owns 510 shares of the construction company’s stock worth $25,000 after acquiring an additional 360 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Gibraltar Industries by 822.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the construction company’s stock valued at $25,000 after acquiring an additional 444 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Gibraltar Industries by 73.0% during the second quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock worth $28,000 after purchasing an additional 203 shares during the last quarter. Advisory Services Network LLC bought a new position in Gibraltar Industries during the third quarter worth $38,000. Finally, Kestra Advisory Services LLC acquired a new position in Gibraltar Industries in the fourth quarter worth $39,000. Institutional investors and hedge funds own 98.39% of the company’s stock.
Gibraltar Industries Trading Down 1.3%
Shares of NASDAQ ROCK opened at $45.27 on Friday. Gibraltar Industries, Inc. has a 12-month low of $33.56 and a 12-month high of $75.08. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -8.98, a price-to-earnings-growth ratio of 0.80 and a beta of 1.22. The company has a current ratio of 1.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.37. The stock’s 50 day simple moving average is $45.24 and its 200 day simple moving average is $42.81.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on ROCK shares. Longbow Research began coverage on shares of Gibraltar Industries in a report on Tuesday, July 7th. They set a “buy” rating on the stock. Seaport Research Partners reaffirmed a “buy” rating and issued a $55.00 price target on shares of Gibraltar Industries in a report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gibraltar Industries in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on ROCK
About Gibraltar Industries
Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.
In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.
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