Municipal Employees Retirement System of Michigan boosted its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 58.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,850 shares of the construction company’s stock after purchasing an additional 4,390 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Gibraltar Industries were worth $369,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ROCK. Aperio Group LLC lifted its stake in Gibraltar Industries by 1.4% in the 2nd quarter. Aperio Group LLC now owns 7,200 shares of the construction company’s stock valued at $257,000 after purchasing an additional 101 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Gibraltar Industries by 3.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 45,999 shares of the construction company’s stock valued at $1,637,000 after purchasing an additional 1,478 shares during the last quarter. Texas Permanent School Fund lifted its stake in Gibraltar Industries by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 23,058 shares of the construction company’s stock valued at $822,000 after purchasing an additional 192 shares during the last quarter. TD Asset Management Inc. lifted its stake in Gibraltar Industries by 75.5% in the 2nd quarter. TD Asset Management Inc. now owns 39,040 shares of the construction company’s stock valued at $1,392,000 after purchasing an additional 16,800 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Gibraltar Industries by 21.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 153,262 shares of the construction company’s stock valued at $5,464,000 after purchasing an additional 26,640 shares during the last quarter.

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

Gibraltar Industries, Inc. (ROCK) opened at $31.45 on Friday. The stock has a market cap of $990.26, a price-to-earnings ratio of 19.53 and a beta of 1.77. Gibraltar Industries, Inc. has a 52 week low of $25.61 and a 52 week high of $45.05. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.93 and a current ratio of 2.36.

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

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Gibraltar Industries 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.

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

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