California State Teachers Retirement System Cuts Holdings in Gibraltar Industries, Inc. (ROCK)
California State Teachers Retirement System decreased its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 9.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,261 shares of the construction company’s stock after selling 5,875 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Gibraltar Industries worth $2,006,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Tower Research Capital LLC TRC acquired a new stake in shares of Gibraltar Industries during the second quarter worth $147,000. Profund Advisors LLC lifted its holdings in shares of Gibraltar Industries by 9.1% during the second quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock worth $205,000 after buying an additional 480 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Gibraltar Industries by 78.7% during the second quarter. State of Alaska Department of Revenue now owns 6,238 shares of the construction company’s stock worth $222,000 after buying an additional 2,748 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Gibraltar Industries by 1.4% during the second quarter. Aperio Group LLC now owns 7,200 shares of the construction company’s stock worth $257,000 after buying an additional 101 shares in the last quarter. Finally, Petrus Trust Company LTA acquired a new stake in shares of Gibraltar Industries during the second quarter worth $305,000.
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Shares of Gibraltar Industries, Inc. (NASDAQ ROCK) opened at $30.70 on Wednesday. Gibraltar Industries, Inc. has a twelve month low of $25.61 and a twelve month high of $48.05. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $968.07, a price-to-earnings ratio of 19.09 and a beta of 1.78.
Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.11. The company had revenue of $274.57 million during the quarter, compared to the consensus estimate of $275.80 million. Gibraltar Industries had a return on equity of 10.77% and a net margin of 3.08%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 earnings per share. research analysts forecast that Gibraltar Industries, Inc. will post 1.64 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Tuesday, November 7th. TheStreet raised Gibraltar Industries from a “c” rating to a “b-” rating in a report on Friday, November 3rd. KeyCorp reissued a “buy” rating and set a $39.00 target price on shares of Gibraltar Industries in a report on Sunday, October 15th. Finally, BidaskClub downgraded Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Gibraltar Industries has an average rating of “Buy” and a consensus target price of $42.00.
Gibraltar Industries Company Profile
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.
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