Brinker Capital Investments LLC grew its position in Gibraltar Industries, Inc. (NASDAQ:ROCK – Get Rating) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,695 shares of the construction company's stock after acquiring an additional 1,551 shares during the period. Brinker Capital Investments LLC owned about 0.07% of Gibraltar Industries worth $879,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in ROCK. State of Alaska Department of Revenue lifted its stake in shares of Gibraltar Industries by 8.6% in the second quarter. State of Alaska Department of Revenue now owns 24,807 shares of the construction company's stock valued at $961,000 after purchasing an additional 1,955 shares during the period. Bank of America Corp DE raised its position in shares of Gibraltar Industries by 1.5% in the first quarter. Bank of America Corp DE now owns 55,678 shares of the construction company's stock valued at $2,392,000 after buying an additional 805 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Gibraltar Industries by 34.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 257,975 shares of the construction company's stock valued at $11,080,000 after buying an additional 66,535 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Gibraltar Industries by 14.1% in the first quarter. The Manufacturers Life Insurance Company now owns 384,133 shares of the construction company's stock valued at $16,499,000 after buying an additional 47,354 shares during the last quarter. Finally, Van Hulzen Asset Management LLC raised its position in shares of Gibraltar Industries by 16.9% in the first quarter. Van Hulzen Asset Management LLC now owns 4,877 shares of the construction company's stock valued at $209,000 after buying an additional 704 shares during the last quarter. Hedge funds and other institutional investors own 98.16% of the company's stock.
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Gibraltar Industries Stock Performance
NASDAQ:ROCK opened at $45.03 on Wednesday. Gibraltar Industries, Inc. has a 1-year low of $36.58 and a 1-year high of $79.40. The firm has a 50 day simple moving average of $43.09 and a 200-day simple moving average of $42.00. The firm has a market cap of $1.42 billion, a PE ratio of 18.16 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.74 and a quick ratio of 1.09.
Gibraltar Industries (NASDAQ:ROCK – Get Rating) last released its earnings results on Wednesday, August 3rd. The construction company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.13. Gibraltar Industries had a net
margin of 5.88% and a return on equity of 12.07%. The firm had revenue of $366.90 million during the quarter, compared to the consensus estimate of $364.43 million. During the same period in the previous year, the firm earned $0.80 earnings per share. Gibraltar Industries's revenue was up 5.3% compared to the same quarter last year. On average, equities analysts expect that Gibraltar Industries, Inc. will post 3.32 EPS for the current 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.
Further Reading
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