Crossmark Global Holdings Inc. lowered its position in shares of Gibraltar Industries Inc (NASDAQ:ROCK) by 39.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,348 shares of the construction company’s stock after selling 4,161 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Gibraltar Industries were worth $209,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Gibraltar Industries during the 3rd quarter worth about $157,000. Parametrica Management Ltd purchased a new stake in shares of Gibraltar Industries during the 4th quarter worth about $319,000. Municipal Employees Retirement System of Michigan grew its holdings in shares of Gibraltar Industries by 58.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,850 shares of the construction company’s stock worth $369,000 after purchasing an additional 4,390 shares during the period. Gamco Investors INC. ET AL grew its holdings in shares of Gibraltar Industries by 66.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 15,000 shares of the construction company’s stock worth $467,000 after purchasing an additional 6,000 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Gibraltar Industries by 50.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,795 shares of the construction company’s stock worth $492,000 after purchasing an additional 5,320 shares during the period.
A number of equities analysts have weighed in on ROCK shares. BidaskClub upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Zacks Investment Research upgraded Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Tuesday, November 7th. TheStreet upgraded Gibraltar Industries from a “c” rating to a “b-” rating in a report on Friday, November 3rd. Finally, KeyCorp restated a “buy” rating and issued a $39.00 price target on shares of Gibraltar Industries in a report on Friday, November 17th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $43.00.
Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Thursday, February 22nd. The construction company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.07. The firm had revenue of $258.11 million during the quarter, compared to analysts’ expectations of $232.50 million. Gibraltar Industries had a return on equity of 11.14% and a net margin of 6.34%. Gibraltar Industries’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. equities analysts forecast that Gibraltar Industries Inc will post 2.05 earnings per share for the current year.
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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’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.
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