State of Tennessee Treasury Department Has $826,000 Holdings in Gibraltar Industries (NASDAQ:ROCK)

State of Tennessee Treasury Department reduced its stake in shares of Gibraltar Industries (NASDAQ:ROCK) by 9.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,037 shares of the construction company’s stock after selling 2,726 shares during the period. State of Tennessee Treasury Department owned approximately 0.08% of Gibraltar Industries worth $826,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Gibraltar Industries during the 3rd quarter worth $157,000. Penn Capital Management Co. Inc. bought a new stake in shares of Gibraltar Industries during the 4th quarter worth $294,000. Parametrica Management Ltd bought a new stake in shares of Gibraltar Industries during the 4th quarter worth $319,000. Teacher Retirement System of Texas purchased a new position in Gibraltar Industries in the 4th quarter worth $337,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Gibraltar Industries in the 3rd quarter worth $327,000.

A number of equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Monday, February 26th. BidaskClub cut shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd.

NASDAQ:ROCK traded down $0.85 during trading hours on Friday, reaching $34.00. The company’s stock had a trading volume of 127,242 shares, compared to its average volume of 265,531. The stock has a market cap of $1,100.19, a PE ratio of 19.88 and a beta of 1.78. Gibraltar Industries has a 1 year low of $25.61 and a 1 year high of $40.45. The company has a quick ratio of 2.20, a current ratio of 2.71 and a debt-to-equity ratio of 0.39.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Thursday, February 22nd. The construction company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $258.11 million for the quarter, compared to analysts’ expectations of $232.50 million. Gibraltar Industries had a net margin of 6.34% and a return on equity of 11.14%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. sell-side analysts anticipate that Gibraltar Industries will post 2.06 EPS for the current year.

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Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

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

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