TD Asset Management Inc. reduced its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Get Rating) by 34.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,576 shares of the construction company's stock after selling 26,342 shares during the period. TD Asset Management Inc. owned approximately 0.15% of Gibraltar Industries worth $2,172,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in ROCK. Point72 Hong Kong Ltd acquired a new stake in shares of Gibraltar Industries during the fourth quarter worth $26,000. Baystate Wealth Management LLC boosted its holdings in Gibraltar Industries by 65.7% in the 1st quarter. Baystate Wealth Management LLC now owns 845 shares of the construction company's stock valued at $36,000 after purchasing an additional 335 shares during the period. KBC Group NV grew its position in shares of Gibraltar Industries by 146.0% during the 1st quarter. KBC Group NV now owns 2,310 shares of the construction company's stock worth $99,000 after purchasing an additional 1,371 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Gibraltar Industries during the fourth quarter worth approximately $216,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Gibraltar Industries in the first quarter valued at approximately $229,000. 97.93% of the stock is currently owned by institutional investors.
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Gibraltar Industries Stock Down 4.2 %
Shares of NASDAQ ROCK opened at $43.01 on Monday. Gibraltar Industries, Inc. has a 52 week low of $36.86 and a 52 week high of $79.40. The stock's fifty day moving average is $43.04 and its 200 day moving average is $43.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.09 and a current ratio of 1.74. The stock has a market capitalization of $1.36 billion, a P/E ratio of 17.34 and a beta of 1.14.
Gibraltar Industries (NASDAQ:ROCK – Get Rating) last issued its earnings results on Wednesday, August 3rd. The construction company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.80 by $0.16. The company had revenue of $366.90 million during the quarter, compared to analysts' expectations of $364.43 million. Gibraltar Industries had a net
margin of 5.88% and a return on equity of 12.07%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 EPS. Sell-side analysts forecast that Gibraltar Industries, Inc. will post 3.3 earnings per share for the current fiscal year.
Gibraltar Industries Profile
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Gibraltar Industries, Inc manufactures and distributes building products for the renewable energy, residential, agtech, and infrastructure markets in North America and Asia. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems.
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