Gibraltar Industries, Inc. (NASDAQ:ROCK) Position Lessened by Arizona State Retirement System

Arizona State Retirement System lowered its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,505 shares of the construction company’s stock after selling 154 shares during the quarter. Arizona State Retirement System’s holdings in Gibraltar Industries were worth $672,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ROCK. Millburn Ridgefield Corp bought a new position in Gibraltar Industries during the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Gibraltar Industries during the 3rd quarter worth $28,000. Covestor Ltd raised its holdings in shares of Gibraltar Industries by 13,540.0% during the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock valued at $46,000 after purchasing an additional 677 shares in the last quarter. PrairieView Partners LLC boosted its holdings in Gibraltar Industries by 100.0% in the third quarter. PrairieView Partners LLC now owns 816 shares of the construction company’s stock worth $55,000 after purchasing an additional 408 shares in the last quarter. Finally, Buck Wealth Strategies LLC boosted its holdings in Gibraltar Industries by 379.9% in the third quarter. Buck Wealth Strategies LLC now owns 1,243 shares of the construction company’s stock worth $84,000 after purchasing an additional 984 shares in the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Gibraltar Industries Stock Performance

ROCK opened at $71.08 on Friday. The firm has a market cap of $2.17 billion, a P/E ratio of 19.80 and a beta of 1.17. The business has a 50 day moving average price of $78.16 and a 200 day moving average price of $74.31. Gibraltar Industries, Inc. has a twelve month low of $48.01 and a twelve month high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data 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). Gibraltar Industries had a return on equity of 14.50% and a net margin of 8.02%. The firm had revenue of $328.80 million during the quarter, compared to analyst estimates of $331.40 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Gibraltar Industries’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that Gibraltar Industries, Inc. will post 4.73 earnings per share 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.