State Board of Administration of Florida Retirement System trimmed its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 30.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,490 shares of the construction company’s stock after selling 5,800 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Gibraltar Industries were worth $1,234,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Aperio Group LLC grew its position in shares of Gibraltar Industries by 0.9% in the 4th quarter. Aperio Group LLC now owns 16,764 shares of the construction company’s stock valued at $1,206,000 after purchasing an additional 151 shares during the period. US Bancorp DE lifted its stake in Gibraltar Industries by 23.5% in the first quarter. US Bancorp DE now owns 1,295 shares of the construction company’s stock valued at $118,000 after buying an additional 246 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Gibraltar Industries by 5.0% in the first quarter. Crossmark Global Holdings Inc. now owns 5,300 shares of the construction company’s stock valued at $485,000 after buying an additional 250 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Gibraltar Industries during the first quarter worth $32,000. Finally, People s United Financial Inc. increased its position in shares of Gibraltar Industries by 3.1% during the fourth quarter. People s United Financial Inc. now owns 13,655 shares of the construction company’s stock worth $982,000 after acquiring an additional 414 shares in the last quarter. 97.88% of the stock is owned by institutional investors.
Separately, Zacks Investment Research raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating and set a $97.00 target price for the company in a research note on Tuesday, May 4th.
NASDAQ:ROCK opened at $74.92 on Friday. The stock’s 50-day moving average price is $84.59. Gibraltar Industries, Inc. has a 52-week low of $42.90 and a 52-week high of $103.02. The company has a market capitalization of $2.44 billion, a P/E ratio of 37.84 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.95 and a current ratio of 1.36.
Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Wednesday, May 5th. The construction company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. Gibraltar Industries had a return on equity of 13.46% and a net margin of 5.59%. The firm had revenue of $287.60 million during the quarter, compared to the consensus estimate of $274.75 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The business’s revenue was up 33.5% on a year-over-year basis. On average, research analysts anticipate that Gibraltar Industries, Inc. will post 3.41 EPS for the current year.
Gibraltar Industries Company Profile
Gibraltar Industries, Inc manufactures and distributes building products for the renewable energy, conservation, residential, and infrastructure markets in North America and Asia. It operates through three segments: Renewable Energy and Conservation, Residential Products, and Infrastructure Products.
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