Great West Life Assurance Co. Can Lifted Holding in Gibraltar Industries Inc (ROCK)

Great West Life Assurance Co. Can Lifted Holding in Gibraltar Industries Inc (ROCK)

Great West Life Assurance Co. Can increased its position in Gibraltar Industries Inc (NASDAQ:ROCK) by 8.9% during the first quarter, Holdings Channel reports. The firm owned 44,521 shares of the construction company’s stock after buying an additional 3,630 shares during the period. Great West Life Assurance Co. Can’s holdings in Gibraltar Industries were worth $1,831,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in Gibraltar Industries by 30.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,264,600 shares of the construction company’s stock worth $52,671,000 after buying an additional 293,500 shares during the period. State Street Corp boosted its position in Gibraltar Industries by 5.5% in the fourth quarter. State Street Corp now owns 748,396 shares of the construction company’s stock worth $31,171,000 after buying an additional 38,935 shares during the period. Norges Bank bought a new position in Gibraltar Industries during the fourth quarter worth approximately $17,165,000. Phocas Financial Corp. boosted its position in Gibraltar Industries by 6.5% in the third quarter. Phocas Financial Corp. now owns 339,085 shares of the construction company’s stock worth $12,597,000 after buying an additional 20,719 shares during the period. Finally, Teachers Advisors LLC boosted its position in Gibraltar Industries by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 313,707 shares of the construction company’s stock worth $13,066,000 after buying an additional 19,689 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

Shares of Gibraltar Industries Inc (NASDAQ ROCK) opened at 32.75 on Tuesday. The company has a market cap of $1.04 billion, a PE ratio of 36.84 and a beta of 2.03. The stock has a 50 day moving average of $34.62 and a 200-day moving average of $40.35. Gibraltar Industries Inc has a 12 month low of $29.48 and a 12 month high of $48.05.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Friday, May 5th. The construction company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.01. Gibraltar Industries had a return on equity of 11.20% and a net margin of 3.56%. The firm had revenue of $206.60 million during the quarter, compared to analysts’ expectations of $209.88 million. During the same period last year, the business posted $0.32 EPS. The company’s revenue was down 11.6% compared to the same quarter last year. Equities analysts forecast that Gibraltar Industries Inc will post $1.63 earnings per share for the current year.

A number of equities analysts have commented on ROCK shares. Zacks Investment Research raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 7th. KeyCorp reaffirmed an “overweight” rating and set a $19.00 price objective (down from $49.00) on shares of Gibraltar Industries in a research report on Thursday, May 11th. Wedbush reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Gibraltar Industries in a research report on Monday, March 13th. Finally, TheStreet cut shares of Gibraltar Industries from a “b” rating to a “c+” rating in a research report on Friday, February 17th.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ROCK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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