Gibraltar Industries Inc (ROCK) Shares Bought by Texas Permanent School Fund

Texas Permanent School Fund raised its holdings in Gibraltar Industries Inc (NASDAQ:ROCK) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,983 shares of the construction company’s stock after buying an additional 850 shares during the period. Texas Permanent School Fund owned about 0.07% of Gibraltar Industries worth $747,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ROCK. Laurion Capital Management LP acquired a new position in shares of Gibraltar Industries in the third quarter valued at approximately $201,000. Ibex Investors LLC acquired a new stake in Gibraltar Industries during the third quarter worth approximately $201,000. Amalgamated Bank acquired a new stake in Gibraltar Industries during the third quarter worth approximately $211,000. PNC Financial Services Group Inc. grew its position in Gibraltar Industries by 99.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,849 shares of the construction company’s stock worth $173,000 after buying an additional 2,418 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Gibraltar Industries during the third quarter worth approximately $227,000.

A number of equities research analysts recently issued reports on ROCK shares. Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Wednesday, January 2nd. BidaskClub raised Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Sidoti started coverage on Gibraltar Industries in a research report on Tuesday, January 8th. They set a “neutral” rating and a $40.00 price target on the stock. Finally, ValuEngine raised Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Friday, December 21st.

Shares of NASDAQ:ROCK opened at $39.75 on Wednesday. The company has a market cap of $1.30 billion, a P/E ratio of 18.65 and a beta of 1.53. Gibraltar Industries Inc has a 1 year low of $31.96 and a 1 year high of $49.10.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Thursday, February 21st. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.07. The business had revenue of $240.91 million for the quarter, compared to the consensus estimate of $244.45 million. Gibraltar Industries had a return on equity of 12.23% and a net margin of 6.37%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. Analysts forecast that Gibraltar Industries Inc will post 2.52 EPS for the current fiscal year.

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Gibraltar Industries Profile

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

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

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