Gibraltar Industries, Inc. (ROCK) Position Increased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 12.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,192,418 shares of the construction company’s stock after buying an additional 236,562 shares during the period. Vanguard Group Inc. owned about 6.95% of Gibraltar Industries worth $90,327,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in ROCK. State of Alaska Department of Revenue boosted its position 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 last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Gibraltar Industries by 1.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,860 shares of the construction company’s stock valued at $407,000 after buying an additional 110 shares during the last quarter. Navellier & Associates Inc boosted its position in shares of Gibraltar Industries by 2.5% in the first quarter. Navellier & Associates Inc now owns 8,528 shares of the construction company’s stock valued at $351,000 after buying an additional 211 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Gibraltar Industries by 0.4% in the first quarter. First Trust Advisors LP now owns 59,006 shares of the construction company’s stock valued at $2,431,000 after buying an additional 221 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Gibraltar Industries by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the construction company’s stock valued at $531,000 after buying an additional 300 shares during the last quarter.

Gibraltar Industries, Inc. (NASDAQ:ROCK) traded down 0.19% on Friday, hitting $26.95. The stock had a trading volume of 273,221 shares. The company’s 50 day moving average price is $31.34 and its 200-day moving average price is $36.15. Gibraltar Industries, Inc. has a 12-month low of $25.61 and a 12-month high of $48.05. The company has a market cap of $854.53 million, a price-to-earnings ratio of 38.56 and a beta of 1.83.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. Gibraltar Industries had a net margin of 2.38% and a return on equity of 10.14%. The company had revenue of $247.63 million during the quarter, compared to the consensus estimate of $251.97 million. During the same period in the prior year, the business posted $0.51 EPS. The company’s quarterly revenue was down 6.8% on a year-over-year basis. Equities research analysts anticipate that Gibraltar Industries, Inc. will post $1.58 EPS for the current year.

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ROCK has been the subject of several recent analyst reports. BidaskClub cut Gibraltar Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, KeyCorp reiterated an “overweight” rating and issued a $19.00 price objective (down previously from $49.00) on shares of Gibraltar Industries in a research note on Thursday, May 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Gibraltar Industries presently has an average rating of “Hold” and an average target price of $37.00.

About Gibraltar Industries

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.

Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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