New York State Teachers Retirement System lowered its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,972 shares of the construction company’s stock after selling 6,900 shares during the period. New York State Teachers Retirement System owned 0.27% of Gibraltar Industries worth $2,647,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ROCK. Tower Research Capital LLC TRC bought a new stake in shares of Gibraltar Industries during the 2nd quarter worth approximately $147,000. Profund Advisors LLC raised its stake in shares of Gibraltar Industries by 9.1% during the 2nd quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock worth $205,000 after purchasing an additional 480 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Gibraltar Industries by 78.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,238 shares of the construction company’s stock worth $222,000 after purchasing an additional 2,748 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Gibraltar Industries by 33.7% during the 2nd quarter. GW&K Investment Management LLC now owns 6,770 shares of the construction company’s stock worth $241,000 after purchasing an additional 1,705 shares in the last quarter. Finally, Aperio Group LLC raised its stake in shares of Gibraltar Industries by 1.4% during the 2nd quarter. Aperio Group LLC now owns 7,200 shares of the construction company’s stock worth $257,000 after purchasing an additional 101 shares in the last quarter.

Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) opened at $30.50 on Monday. Gibraltar Industries, Inc. has a 12 month low of $25.61 and a 12 month high of $48.05. The company has a quick ratio of 1.93, a current ratio of 2.36 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $966.49, a price-to-earnings ratio of 19.06 and a beta of 1.78.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11. Gibraltar Industries had a return on equity of 10.77% and a net margin of 3.08%. The business had revenue of $274.57 million for the quarter, compared to analysts’ expectations of $275.80 million. During the same quarter in the prior year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. equities analysts expect that Gibraltar Industries, Inc. will post 1.64 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the company. 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 “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Tuesday, November 7th. TheStreet upgraded Gibraltar Industries from a “c” rating to a “b-” rating in a research note on Friday, November 3rd. Finally, KeyCorp restated a “buy” rating and issued a $39.00 price target on shares of Gibraltar Industries in a research note on Sunday, October 15th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. Gibraltar Industries presently has an average rating of “Buy” and a consensus target price of $42.00.

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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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