Strs Ohio Invests $540,000 in Gibraltar Industries, Inc. $ROCK

Key Points

• Strs Ohio has acquired a new stake in Gibraltar Industries, buying 9,200 shares valued at approximately $540,000 during the first quarter.
• Gibraltar Industries recently reported an earnings per share (EPS) of $1.13, missing analysts' expectations of $1.16, along with revenues of $309.50 million which fell short of predictions.
• Analysts at Wall Street Zen downgraded Gibraltar Industries from a "buy" rating to a "hold" rating on August 2nd.

Strs Ohio acquired a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,200 shares of the construction company's stock, valued at approximately $540,000.

Several other large investors have also modified their holdings of ROCK. Brooklyn Investment Group bought a new stake in Gibraltar Industries in the 1st quarter valued at $36,000. GAMMA Investing LLC boosted its holdings in Gibraltar Industries by 63.1% in the 1st 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 period. State of Wyoming bought a new stake in Gibraltar Industries in the 1st quarter valued at $56,000. Smartleaf Asset Management LLC lifted its holdings in shares of Gibraltar Industries by 40.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company's stock worth $59,000 after acquiring an additional 288 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Gibraltar Industries by 29.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company's stock worth $67,000 after acquiring an additional 261 shares during the period. 98.39% of the stock is owned by institutional investors.

Gibraltar Industries Trading Down 0.1%

Shares of Gibraltar Industries stock traded down $0.08 during mid-day trading on Monday, reaching $61.77. 197,527 shares of the stock were exchanged, compared to its average volume of 215,037. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 0.95 and a beta of 1.26. The firm has a 50-day simple moving average of $62.68 and a 200 day simple moving average of $60.14. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $74.97.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.03). The company had revenue of $309.50 million during 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 company's revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 EPS. On average, research analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a 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.