LS Investment Advisors LLC held its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,368 shares of the construction company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Gibraltar Industries were worth $120,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Gibraltar Industries during the first quarter valued at $112,000. State of Alaska Department of Revenue increased its stake in shares of Gibraltar Industries by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 3,490 shares of the construction company’s stock valued at $143,000 after buying an additional 100 shares during the period. GW&K Investment Management LLC purchased a new stake in shares of Gibraltar Industries during the first quarter valued at $209,000. BNP Paribas Arbitrage SA increased its stake in shares of Gibraltar Industries by 14.1% in the first quarter. BNP Paribas Arbitrage SA now owns 6,223 shares of the construction company’s stock valued at $256,000 after buying an additional 771 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in shares of Gibraltar Industries during the first quarter valued at $292,000. 98.96% of the stock is owned by institutional investors.
Gibraltar Industries, Inc. (NASDAQ:ROCK) traded up 0.88% during midday trading on Friday, reaching $28.75. 217,811 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $32.32 and its 200-day moving average is $36.72. The stock has a market capitalization of $911.61 million, a price-to-earnings ratio of 41.13 and a beta of 1.83. Gibraltar Industries, Inc. has a 12-month low of $28.05 and a 12-month high of $48.05.
Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The business had revenue of $247.63 million during the quarter, compared to analysts’ expectations of $251.97 million. Gibraltar Industries had a net margin of 2.38% and a return on equity of 10.14%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share. On average, equities analysts forecast that Gibraltar Industries, Inc. will post $1.58 earnings per share for the current year.
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Several brokerages recently weighed in on ROCK. BidaskClub downgraded shares of Gibraltar Industries from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, KeyCorp reissued an “overweight” rating and set a $19.00 price target (down previously from $49.00) on shares of Gibraltar Industries in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $37.00.
Gibraltar Industries Company Profile
Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.
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