Public Sector Pension Investment Board Purchases 20,574 Shares of Gibraltar Industries, Inc. $ROCK

Key Points

• The Public Sector Pension Investment Board increased its stake in Gibraltar Industries by 27.2%, owning approximately 0.33% of the company valued at $5.6 million as of its latest SEC filing.
• Institutional investors currently hold 98.39% of Gibraltar Industries' stock, with notable increases in holdings from other firms like Invesco Ltd. and Nuveen LLC.
• Gibraltar Industries reported a miss on earnings with $1.13 EPS compared to analysts' expectations of $1.16, alongside quarterly revenue of $309.5 million, falling short of the $381.4 million estimate.

Public Sector Pension Investment Board increased its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 27.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,196 shares of the construction company's stock after acquiring an additional 20,574 shares during the period. Public Sector Pension Investment Board owned approximately 0.33% of Gibraltar Industries worth $5,643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in Gibraltar Industries by 645.1% during the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock valued at $31,000 after purchasing an additional 458 shares during the last quarter. GAMMA Investing LLC lifted its stake in Gibraltar Industries by 63.1% during the first quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock valued at $47,000 after purchasing an additional 313 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Gibraltar Industries by 29.4% during the first quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company's stock valued at $67,000 after purchasing an additional 261 shares during the last quarter. Quarry LP lifted its stake in Gibraltar Industries by 41.5% during the fourth quarter. Quarry LP now owns 1,865 shares of the construction company's stock valued at $110,000 after purchasing an additional 547 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Gibraltar Industries during the fourth quarter valued at approximately $111,000. 98.39% of the stock is currently owned by institutional investors.

Gibraltar Industries Stock Performance

Shares of Gibraltar Industries stock traded up $3.24 during midday trading on Friday, reaching $64.40. 38,742 shares of the company's stock traded hands, compared to its average volume of 266,134. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 0.96 and a beta of 1.32. The company's 50 day simple moving average is $61.94 and its 200 day simple moving average is $60.27. Gibraltar Industries, Inc. has a 52 week low of $48.96 and a 52 week high of $74.97.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its earnings results on Wednesday, August 6th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.03). The firm had revenue of $309.50 million during the quarter, compared to the consensus estimate 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 quarter last year, the business earned $1.18 EPS. As a group, equities research analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.