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.
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.
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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