Gibraltar Industries Inc (NASDAQ:ROCK) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in Gibraltar Industries Inc (NASDAQ:ROCK) by 98.7% in the third quarter, Holdings Channel reports. The firm owned 7,224 shares of the construction company’s stock after selling 533,417 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Gibraltar Industries were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Gibraltar Industries by 1.3% in the 2nd quarter. BlackRock Inc. now owns 4,703,458 shares of the construction company’s stock worth $189,832,000 after purchasing an additional 62,281 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Gibraltar Industries by 2.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,390,684 shares of the construction company’s stock valued at $96,488,000 after acquiring an additional 56,207 shares during the period. Nuveen Asset Management LLC lifted its stake in Gibraltar Industries by 6.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,383,339 shares of the construction company’s stock valued at $55,832,000 after acquiring an additional 80,393 shares during the period. Dalton Greiner Hartman Maher & Co. lifted its stake in Gibraltar Industries by 13.4% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 493,439 shares of the construction company’s stock valued at $19,915,000 after acquiring an additional 58,287 shares during the period. Finally, Northern Trust Corp lifted its stake in Gibraltar Industries by 2.5% during the 2nd quarter. Northern Trust Corp now owns 448,476 shares of the construction company’s stock valued at $18,101,000 after acquiring an additional 10,872 shares during the period. Institutional investors own 99.13% of the company’s stock.

Shares of NASDAQ ROCK opened at $52.29 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.46 and a debt-to-equity ratio of 0.03. Gibraltar Industries Inc has a 12 month low of $31.96 and a 12 month high of $55.15. The company has a 50 day simple moving average of $48.08 and a two-hundred day simple moving average of $42.02. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 24.43 and a beta of 1.50.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Friday, October 25th. The construction company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a net margin of 6.20% and a return on equity of 12.74%. The business had revenue of $299.20 million during the quarter, compared to analysts’ expectations of $290.20 million. During the same period in the previous year, the business posted $0.71 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Analysts forecast that Gibraltar Industries Inc will post 2.55 EPS for the current year.

Several analysts have commented on the stock. KeyCorp lifted their price objective on shares of Gibraltar Industries from $45.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. ValuEngine upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Finally, BidaskClub cut shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Gibraltar Industries has a consensus rating of “Hold” and an average target price of $46.33.

About Gibraltar Industries

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

Further Reading: Intrinsic Value

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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