State of New Jersey Common Pension Fund D Invests $2.18 Million in Gibraltar Industries, Inc. $ROCK

State of New Jersey Common Pension Fund D bought a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 34,779 shares of the construction company’s stock, valued at approximately $2,184,000.

Other hedge funds have also recently bought and sold shares of the company. Osaic Holdings Inc. raised its stake in shares of Gibraltar Industries by 16.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,348 shares of the construction company’s stock worth $79,000 after purchasing an additional 194 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Gibraltar Industries by 73.0% during the second quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock worth $28,000 after buying an additional 203 shares during the last quarter. California State Teachers Retirement System increased its holdings in Gibraltar Industries by 1.0% during the second quarter. California State Teachers Retirement System now owns 28,132 shares of the construction company’s stock worth $1,660,000 after buying an additional 287 shares during the last quarter. Amalgamated Bank raised its position in Gibraltar Industries by 3.5% during the third quarter. Amalgamated Bank now owns 8,750 shares of the construction company’s stock worth $550,000 after acquiring an additional 292 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Gibraltar Industries by 4.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,571 shares of the construction company’s stock valued at $447,000 after acquiring an additional 310 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors.

Gibraltar Industries Stock Performance

NASDAQ ROCK opened at $50.40 on Tuesday. The firm has a 50-day moving average of $52.15 and a 200-day moving average of $57.20. The stock has a market cap of $1.49 billion, a PE ratio of 630.08, a P/E/G ratio of 0.81 and a beta of 1.32. Gibraltar Industries, Inc. has a 52-week low of $42.86 and a 52-week high of $75.08.

Analyst Ratings Changes

ROCK has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Gibraltar Industries in a research note on Monday, December 29th. CJS Securities upgraded Gibraltar Industries to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Zacks Research downgraded Gibraltar Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.

In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.