Gibraltar Industries, Inc. (ROCK) Shares Bought by Systematic Financial Management LP
Systematic Financial Management LP boosted its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 12.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,805 shares of the construction company’s stock after purchasing an additional 9,655 shares during the quarter. Systematic Financial Management LP owned about 0.28% of Gibraltar Industries worth $3,202,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Gibraltar Industries in the first quarter valued at approximately $112,000. LS Investment Advisors LLC boosted its holdings in shares of Gibraltar Industries by 175.4% in the first quarter. LS Investment Advisors LLC now owns 3,368 shares of the construction company’s stock valued at $139,000 after acquiring an additional 2,145 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Gibraltar Industries by 78.7% in the second quarter. State of Alaska Department of Revenue now owns 6,238 shares of the construction company’s stock valued at $222,000 after acquiring an additional 2,748 shares during the period. GW&K Investment Management LLC boosted its holdings in shares of Gibraltar Industries by 33.7% in the second quarter. GW&K Investment Management LLC now owns 6,770 shares of the construction company’s stock valued at $241,000 after acquiring an additional 1,705 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Gibraltar Industries by 14.1% in the first quarter. BNP Paribas Arbitrage SA now owns 6,223 shares of the construction company’s stock valued at $256,000 after acquiring an additional 771 shares during the period.
Several equities research analysts have recently weighed in on the company. BidaskClub downgraded Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research raised Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $37.00.
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Shares of Gibraltar Industries, Inc. (ROCK) opened at 28.525 on Wednesday. The firm has a market capitalization of $904.47 million, a P/E ratio of 40.808 and a beta of 1.81. The stock has a 50 day moving average price of $28.91 and a 200 day moving average price of $34.55. Gibraltar Industries, Inc. has a 12-month low of $25.61 and a 12-month high of $48.05.
Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. Gibraltar Industries had a return on equity of 10.14% and a net margin of 2.38%. The business had revenue of $247.63 million during the quarter, compared to the consensus estimate of $251.97 million. During the same period in the previous year, the business earned $0.51 EPS. The business’s quarterly revenue was down 6.8% on a year-over-year basis. Equities analysts anticipate that Gibraltar Industries, Inc. will post $1.58 earnings per share for the current fiscal year.
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’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.
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