Louisiana State Employees Retirement System Takes $1.20 Million Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Louisiana State Employees Retirement System bought a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,200 shares of the construction company’s stock, valued at approximately $1,200,000.

A number of other institutional investors have also recently modified their holdings of the business. Cerity Partners LLC acquired a new stake in shares of Gibraltar Industries during the 4th quarter valued at about $308,000. Allspring Global Investments Holdings LLC grew its position in shares of Gibraltar Industries by 9.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 634,595 shares of the construction company’s stock valued at $50,120,000 after acquiring an additional 56,126 shares during the period. AlphaMark Advisors LLC grew its position in shares of Gibraltar Industries by 2,421.3% during the 4th quarter. AlphaMark Advisors LLC now owns 3,782 shares of the construction company’s stock valued at $299,000 after acquiring an additional 3,632 shares during the period. Ritholtz Wealth Management grew its position in shares of Gibraltar Industries by 15.0% during the 4th quarter. Ritholtz Wealth Management now owns 4,205 shares of the construction company’s stock valued at $332,000 after acquiring an additional 549 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of Gibraltar Industries by 122.0% during the 4th quarter. Pacer Advisors Inc. now owns 820,031 shares of the construction company’s stock valued at $64,766,000 after acquiring an additional 450,665 shares during the period. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 29th.

Gibraltar Industries Trading Up 1.0 %

Shares of Gibraltar Industries stock opened at $72.01 on Tuesday. The firm has a market capitalization of $2.19 billion, a PE ratio of 20.06 and a beta of 1.17. Gibraltar Industries, Inc. has a twelve month low of $48.01 and a twelve month high of $87.40. The firm’s 50-day moving average price is $77.58 and its 200 day moving average price is $74.52.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Wednesday, February 21st. The construction company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $328.80 million during the quarter, compared to analysts’ expectations of $331.40 million. Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 earnings per share. On average, sell-side analysts predict that Gibraltar Industries, Inc. will post 4.73 EPS for the current fiscal year.

About Gibraltar Industries

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.