Homrich & Berg acquired a new stake in shares of Gibraltar Industries Inc. (NASDAQ:ROCK) during the third quarter, Holdings Channel reports. The fund acquired 6,000 shares of the company’s stock, valued at approximately $223,000.
Other institutional investors also recently made changes to their positions in the company. MSI Financial Services Inc boosted its position in shares of Gibraltar Industries by 1,815.3% in the third quarter. MSI Financial Services Inc now owns 2,873 shares of the company’s stock valued at $107,000 after buying an additional 2,723 shares in the last quarter. PineBridge Investments L.P. boosted its position in Gibraltar Industries by 3.9% in the second quarter. PineBridge Investments L.P. now owns 3,772 shares of the company’s stock worth $119,000 after buying an additional 140 shares during the period. Teacher Retirement System of Texas boosted its position in Gibraltar Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,119 shares of the company’s stock worth $130,000 after buying an additional 499 shares during the period. KBC Group NV acquired a new position in Gibraltar Industries during the second quarter worth approximately $137,000. Finally, BlackRock Inc. boosted its position in Gibraltar Industries by 120.5% in the second quarter. BlackRock Inc. now owns 4,911 shares of the company’s stock worth $155,000 after buying an additional 2,684 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.
Shares of Gibraltar Industries Inc. (NASDAQ:ROCK) traded up 2.24% during midday trading on Friday, reaching $47.95. The company had a trading volume of 58,568 shares. The company has a 50 day moving average of $39.65 and a 200 day moving average of $35.57. The company has a market capitalization of $1.51 billion, a PE ratio of 37.06 and a beta of 1.97. Gibraltar Industries Inc. has a one year low of $18.23 and a one year high of $48.00.
Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.06. Gibraltar Industries had a return on equity of 11.20% and a net margin of 3.56%. The business earned $273 million during the quarter, compared to analyst estimates of $274.49 million. During the same period in the prior year, the company earned $0.50 earnings per share. Gibraltar Industries’s revenue was down 10.5% compared to the same quarter last year. Analysts predict that Gibraltar Industries Inc. will post $1.58 EPS for the current fiscal year.
A number of equities analysts have recently commented on the company. Wedbush reissued an “outperform” rating and set a $38.00 price target on shares of Gibraltar Industries in a report on Thursday, July 28th. Zacks Investment Research raised Gibraltar Industries from a “sell” rating to a “buy” rating and set a $42.00 price target for the company in a report on Monday, October 31st.
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 operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.