Strs Ohio Takes Position in Gibraltar Industries, Inc. $ROCK

Strs Ohio bought a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,200 shares of the construction company’s stock, valued at approximately $540,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Gibraltar Industries in the first quarter worth about $36,000. GAMMA Investing LLC lifted its stake in Gibraltar Industries by 63.1% in the first quarter. GAMMA Investing LLC now owns 809 shares of the construction company’s stock worth $47,000 after purchasing an additional 313 shares during the last quarter. State of Wyoming bought a new stake in Gibraltar Industries in the first quarter worth about $56,000. Smartleaf Asset Management LLC lifted its stake in Gibraltar Industries by 40.6% in the first quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company’s stock worth $59,000 after purchasing an additional 288 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Gibraltar Industries by 29.4% in the first quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company’s stock worth $67,000 after purchasing an additional 261 shares during the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd.

Gibraltar Industries Stock Performance

Shares of NASDAQ:ROCK opened at $61.85 on Monday. The firm has a market cap of $1.83 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.95 and a beta of 1.26. The firm’s 50 day simple moving average is $62.68 and its 200-day simple moving average is $60.14. Gibraltar Industries, Inc. has a one year low of $48.96 and a one year high of $74.97.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, August 6th. The construction company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.03). The company had revenue of $309.50 million for the quarter, compared to analysts’ expectations of $381.40 million. Gibraltar Industries had a return on equity of 12.91% and a net margin of 10.08%.The business’s revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business posted $1.18 earnings per share. Equities research analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Gibraltar Industries Company Profile

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.