Separately, BidaskClub lowered shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Saturday, October 12th.
ROCK stock traded up $0.16 during midday trading on Monday, reaching $45.39. The company had a trading volume of 147,059 shares, compared to its average volume of 160,107. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.92 and a quick ratio of 1.47. Gibraltar Industries has a 1 year low of $31.96 and a 1 year high of $47.23. The company has a market capitalization of $1.46 billion, a P/E ratio of 21.21 and a beta of 1.50. The firm has a 50-day moving average price of $44.40 and a 200-day moving average price of $40.79.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Brinker Capital Inc. bought a new stake in shares of Gibraltar Industries in the 3rd quarter worth approximately $707,000. Strs Ohio bought a new stake in shares of Gibraltar Industries in the 3rd quarter worth approximately $909,000. Envestnet Asset Management Inc. bought a new stake in shares of Gibraltar Industries in the 3rd quarter worth approximately $1,831,000. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Gibraltar Industries by 15.3% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 7,569 shares of the construction company’s stock worth $348,000 after acquiring an additional 1,005 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of Gibraltar Industries in the 3rd quarter worth approximately $371,000.
About Gibraltar Industries
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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