Martingale Asset Management L P boosted its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 24.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,063 shares of the construction company's stock after purchasing an additional 8,551 shares during the period. Martingale Asset Management L P owned 0.15% of Gibraltar Industries worth $2,526,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC grew its holdings in shares of Gibraltar Industries by 14.8% during the fourth quarter. LPL Financial LLC now owns 8,516 shares of the construction company's stock worth $502,000 after purchasing an additional 1,097 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Gibraltar Industries by 35.4% during the 4th quarter. Wells Fargo & Company MN now owns 16,645 shares of the construction company's stock worth $980,000 after acquiring an additional 4,348 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Gibraltar Industries during the 4th quarter worth about $1,131,000. Sterling Capital Management LLC increased its position in Gibraltar Industries by 645.1% in the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock valued at $31,000 after acquiring an additional 458 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Gibraltar Industries in the fourth quarter worth about $1,551,000. Institutional investors own 98.39% of the company's stock.
Gibraltar Industries Trading Down 1.5%
Shares of ROCK stock traded down $0.96 on Thursday, reaching $63.63. The company had a trading volume of 37,710 shares, compared to its average volume of 264,250. The stock has a market cap of $1.88 billion, a PE ratio of 15.26, a PEG ratio of 0.99 and a beta of 1.32. The company has a 50-day moving average of $62.53 and a 200-day moving average of $60.41. Gibraltar Industries, Inc. has a 12 month low of $48.96 and a 12 month high of $74.97.
Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.03). The firm had revenue of $309.50 million for the quarter, compared to analyst estimates of $381.40 million. Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. The firm's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. Sell-side analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.
Read Our Latest Report on ROCK
About Gibraltar Industries
(
Free Report)
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.
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