Van Hulzen Asset Management LLC boosted its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Get Rating) by 16.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,877 shares of the construction company's stock after acquiring an additional 704 shares during the quarter. Van Hulzen Asset Management LLC's holdings in Gibraltar Industries were worth $209,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. BlackRock Inc. raised its holdings in Gibraltar Industries by 2.3% in the 1st quarter. BlackRock Inc. now owns 5,310,267 shares of the construction company's stock valued at $228,077,000 after buying an additional 119,766 shares during the period. Dimensional Fund Advisors LP lifted its position in Gibraltar Industries by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,538,316 shares of the construction company's stock valued at $66,076,000 after buying an additional 36,864 shares during the last quarter. Victory Capital Management Inc. lifted its position in Gibraltar Industries by 22.2% in the first quarter. Victory Capital Management Inc. now owns 1,143,687 shares of the construction company's stock valued at $49,049,000 after buying an additional 207,711 shares during the last quarter. State Street Corp lifted its position in Gibraltar Industries by 4.0% in the first quarter. State Street Corp now owns 1,114,285 shares of the construction company's stock valued at $47,859,000 after buying an additional 42,971 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its position in Gibraltar Industries by 10.2% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,043,680 shares of the construction company's stock valued at $69,059,000 after buying an additional 96,381 shares during the last quarter. Institutional investors and hedge funds own 98.16% of the company's stock.
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Gibraltar Industries Trading Up 0.6 %
NASDAQ ROCK opened at $40.71 on Friday. The firm's 50-day moving average is $43.42 and its two-hundred day moving average is $42.77. Gibraltar Industries, Inc. has a 12 month low of $36.86 and a 12 month high of $79.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.74 and a quick ratio of 1.09. The stock has a market capitalization of $1.29 billion, a P/E ratio of 16.42 and a beta of 1.16.
Gibraltar Industries (NASDAQ:ROCK – Get Rating) last posted its earnings results on Wednesday, August 3rd. The construction company reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.16. Gibraltar Industries had a net
margin of 5.88% and a return on equity of 12.07%. The company had revenue of $366.90 million for the quarter, compared to analysts' expectations of $364.43 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. Gibraltar Industries's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Gibraltar Industries, Inc. will post 3.32 earnings per share for the current year.
About Gibraltar Industries
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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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