Public Employees Retirement Association of Colorado decreased its stake in Gibraltar Industries Inc. (NASDAQ:ROCK) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 355,418 shares of the company’s stock after selling 982 shares during the period. Public Employees Retirement Association of Colorado owned 1.13% of Gibraltar Industries worth $11,221,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ROCK. Capstone Asset Management Co. increased its position in shares of Gibraltar Industries by 2.9% in the second quarter. Capstone Asset Management Co. now owns 8,979 shares of the company’s stock valued at $283,000 after buying an additional 250 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Gibraltar Industries by 130.4% in the second quarter. BNP Paribas Arbitrage SA now owns 9,356 shares of the company’s stock valued at $295,000 after buying an additional 5,296 shares during the last quarter. Glenmede Trust Co. NA acquired a new position in shares of Gibraltar Industries during the first quarter valued at about $529,000. Picton Mahoney Asset Management increased its position in shares of Gibraltar Industries by 706.7% in the first quarter. Picton Mahoney Asset Management now owns 24,200 shares of the company’s stock valued at $693,000 after buying an additional 21,200 shares during the last quarter. Finally, Hancock Holding Co. increased its position in shares of Gibraltar Industries by 13.6% in the first quarter. Hancock Holding Co. now owns 31,551 shares of the company’s stock valued at $902,000 after buying an additional 3,775 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

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

Shares of Gibraltar Industries Inc. (NASDAQ:ROCK) traded down 0.19% during mid-day trading on Friday, hitting $37.37. 117,911 shares of the stock traded hands. The firm’s 50 day moving average price is $37.46 and its 200-day moving average price is $32.87. Gibraltar Industries Inc. has a 12-month low of $18.23 and a 12-month high of $40.00. The stock has a market cap of $1.18 billion, a P/E ratio of 31.91 and a beta of 2.25.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Thursday, July 28th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.07. The business earned $263.10 million during the quarter, compared to the consensus estimate of $271.27 million. Gibraltar Industries had a net margin of 3.44% and a return on equity of 11.17%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. Analysts predict that Gibraltar Industries Inc. will post $1.45 earnings per share for the current year.

Several research analysts have issued reports on the stock. Wedbush reissued an “outperform” rating and set a $38.00 price objective (up from $33.00) on shares of Gibraltar Industries in a research report on Friday, July 15th. Zacks Investment Research downgraded shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Thursday.

About Gibraltar Industries

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.

5 Day Chart for NASDAQ:ROCK

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