State of Tennessee Treasury Department lifted its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK – Get Rating) by 21.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,721 shares of the construction company's stock after purchasing an additional 3,244 shares during the quarter. State of Tennessee Treasury Department owned about 0.06% of Gibraltar Industries worth $804,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in shares of Gibraltar Industries in the 4th quarter worth approximately $26,000. Baystate Wealth Management LLC boosted its position in shares of Gibraltar Industries by 65.7% in the 1st quarter. Baystate Wealth Management LLC now owns 845 shares of the construction company's stock worth $36,000 after purchasing an additional 335 shares in the last quarter. KBC Group NV boosted its position in shares of Gibraltar Industries by 146.0% in 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 stake in shares of Gibraltar Industries in the 4th quarter worth approximately $216,000. Finally, SG Americas Securities LLC bought a new stake in shares of Gibraltar Industries in the 1st quarter worth approximately $229,000. 98.16% of the stock is owned by institutional investors.
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Gibraltar Industries Stock Performance
Shares of ROCK opened at $39.99 on Friday. The stock has a market cap of $1.26 billion, a P/E ratio of 16.13 and a beta of 1.14. Gibraltar Industries, Inc. has a 52 week low of $36.86 and a 52 week high of $79.40. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 0.11. The business's 50 day moving average price is $43.22 and its 200-day moving average price is $43.40.
Gibraltar Industries (NASDAQ:ROCK – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The construction company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.16. The business had revenue of $366.90 million for the quarter, compared to analysts' expectations of $364.43 million. Gibraltar Industries had a return on equity of 12.07% and a net
margin of 5.88%. The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. Equities research analysts anticipate that Gibraltar Industries, Inc. will post 3.3 earnings per share for the current fiscal year.
Gibraltar Industries Company 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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