Robeco Institutional Asset Management B.V. continued to hold its stake in shares of Gibraltar Industries Inc. (NASDAQ:ROCK) during the second quarter, Holdings Channel reports. The fund owned 6,688 shares of the company’s stock at the end of the second quarter. Robeco Institutional Asset Management B.V.’s holdings in Gibraltar Industries were worth $212,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of ROCK. Norges Bank purchased a new position in shares of Gibraltar Industries during the fourth quarter worth $11,021,000. Renaissance Technologies LLC boosted its position in shares of Gibraltar Industries by 9.3% in the first quarter. Renaissance Technologies LLC now owns 1,039,153 shares of the company’s stock worth $29,720,000 after buying an additional 88,300 shares in the last quarter. CIBC World Markets Inc. purchased a new position in shares of Gibraltar Industries during the first quarter worth $2,503,000. Picton Mahoney Asset Management boosted 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 worth $693,000 after buying an additional 21,200 shares in the last quarter. Finally, Glenmede Trust Co. NA purchased a new position in shares of Gibraltar Industries during the first quarter worth $529,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.
Shares of Gibraltar Industries Inc. (NASDAQ:ROCK) traded down 0.19% during trading on Friday, reaching $37.15. The company’s stock had a trading volume of 181,403 shares. The company has a 50 day moving average of $37.48 and a 200-day moving average of $32.20. 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 $1.17 billion, a price-to-earnings ratio of 31.73 and a beta of 2.16.
Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. The firm earned $263.10 million during the quarter, compared to analyst estimates of $271.27 million. Gibraltar Industries had a return on equity of 11.17% and a net margin of 3.44%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. Analysts forecast that Gibraltar Industries Inc. will post $1.45 EPS for the current year.
ROCK has been the topic of a number of research reports. Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Thursday, June 30th. Wedbush reissued an “outperform” rating and set a $38.00 price objective on shares of Gibraltar Industries in a report on Thursday, July 28th.
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 operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.
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