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.Get Gibraltar Industries alerts:
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
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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