Texas Permanent School Fund Corp raised its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) by 33.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,775 shares of the construction company’s stock after acquiring an additional 6,954 shares during the period. Texas Permanent School Fund Corp owned approximately 0.09% of Gibraltar Industries worth $1,347,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Simplex Trading LLC acquired a new position in shares of Gibraltar Industries in the first quarter valued at approximately $31,000. Lazard Asset Management LLC purchased a new position in Gibraltar Industries in the 1st quarter valued at $67,000. Point72 Hong Kong Ltd increased its stake in Gibraltar Industries by 323.2% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,625 shares of the construction company’s stock valued at $70,000 after buying an additional 1,241 shares during the period. State of Wyoming purchased a new position in Gibraltar Industries during the 4th quarter worth $82,000. Finally, Advisor Group Holdings Inc. lifted its stake in shares of Gibraltar Industries by 22.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,903 shares of the construction company’s stock worth $87,000 after acquiring an additional 349 shares during the period. 99.28% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Gibraltar Industries
In other Gibraltar Industries news, Director James B. Nish sold 4,963 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $56.69, for a total value of $281,352.47. Following the sale, the director now owns 11,976 shares of the company’s stock, valued at $678,919.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Gibraltar Industries Trading Up 1.9 %
Shares of ROCK stock opened at $64.67 on Tuesday. The business’s fifty day moving average price is $59.51 and its 200 day moving average price is $54.22. The firm has a market capitalization of $1.97 billion, a PE ratio of 23.35 and a beta of 1.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.79 and a quick ratio of 1.07. Gibraltar Industries, Inc. has a 1-year low of $36.58 and a 1-year high of $65.00.
Gibraltar Industries (NASDAQ:ROCK – Get Free Report) last posted its quarterly earnings results on Wednesday, May 3rd. The construction company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08. Gibraltar Industries had a net margin of 6.45% and a return on equity of 13.43%. The business had revenue of $293.27 million for the quarter, compared to analysts’ expectations of $298.90 million. During the same period in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, sell-side analysts forecast that Gibraltar Industries, Inc. will post 3.56 EPS for the current fiscal year.
About Gibraltar Industries
Gibraltar Industries, Inc manufactures and distributes building products for the renewable energy, residential, agtech, and infrastructure markets in North America and Asia. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems.
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