Public Sector Pension Investment Board Buys 14,650 Shares of Gibraltar Industries, Inc. $ROCK

Public Sector Pension Investment Board increased its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 14.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 115,148 shares of the construction company’s stock after purchasing an additional 14,650 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of Gibraltar Industries worth $7,231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in Gibraltar Industries by 16.8% during the second quarter. Osaic Holdings Inc. now owns 1,348 shares of the construction company’s stock worth $79,000 after buying an additional 194 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Gibraltar Industries by 73.0% in the second quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock valued at $28,000 after acquiring an additional 203 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Gibraltar Industries by 1.0% in the 2nd quarter. California State Teachers Retirement System now owns 28,132 shares of the construction company’s stock worth $1,660,000 after acquiring an additional 287 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Gibraltar Industries by 3.5% during the 3rd quarter. Amalgamated Bank now owns 8,750 shares of the construction company’s stock worth $550,000 after purchasing an additional 292 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Gibraltar Industries by 4.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,571 shares of the construction company’s stock worth $447,000 after purchasing an additional 310 shares during the period. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Performance

Gibraltar Industries stock opened at $53.35 on Wednesday. The company has a market capitalization of $1.58 billion, a PE ratio of 666.96, a P/E/G ratio of 0.84 and a beta of 1.32. The company has a 50 day moving average price of $52.05 and a 200-day moving average price of $57.49. Gibraltar Industries, Inc. has a fifty-two week low of $42.86 and a fifty-two week high of $75.08.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ROCK shares. CJS Securities raised shares of Gibraltar Industries to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research cut Gibraltar Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Gibraltar Industries in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

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.