Cortina Asset Management LLC Trims Holdings in Gibraltar Industries, Inc. (ROCK)

Cortina Asset Management LLC reduced its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 36.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 331,023 shares of the construction company’s stock after selling 191,108 shares during the period. Cortina Asset Management LLC owned approximately 1.04% of Gibraltar Industries worth $10,311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Aperio Group LLC increased its holdings in Gibraltar Industries by 1.4% in the 2nd quarter. Aperio Group LLC now owns 7,200 shares of the construction company’s stock valued at $257,000 after acquiring an additional 101 shares during the last quarter. Texas Permanent School Fund increased its holdings in Gibraltar Industries by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 23,058 shares of the construction company’s stock valued at $822,000 after acquiring an additional 192 shares during the last quarter. Profund Advisors LLC increased its holdings in Gibraltar Industries by 9.1% in the 2nd quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock valued at $205,000 after acquiring an additional 480 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Gibraltar Industries by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,963 shares of the construction company’s stock valued at $889,000 after acquiring an additional 710 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Gibraltar Industries by 3.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 45,999 shares of the construction company’s stock valued at $1,637,000 after acquiring an additional 1,478 shares during the last quarter.

Gibraltar Industries, Inc. (ROCK) traded up $0.10 during trading on Tuesday, hitting $31.75. 108,300 shares of the stock were exchanged, compared to its average volume of 247,576. Gibraltar Industries, Inc. has a 12-month low of $25.61 and a 12-month high of $48.05. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.93 and a current ratio of 2.36. The company has a market cap of $1,002.93, a P/E ratio of 19.78 and a beta of 1.78.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. Gibraltar Industries had a net margin of 7.51% and a return on equity of 16.75%. The firm had revenue of $274.57 million for the quarter, compared to the consensus estimate of $275.80 million. During the same period in the previous year, the firm posted $0.55 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. sell-side analysts forecast that Gibraltar Industries, Inc. will post 1.64 earnings per share for the current year.

A number of analysts have issued reports on ROCK shares. BidaskClub downgraded shares of Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. KeyCorp reiterated a “buy” rating and issued a $39.00 price target on shares of Gibraltar Industries in a report on Sunday, October 15th. TheStreet upgraded shares of Gibraltar Industries from a “c” rating to a “b-” rating in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. Gibraltar Industries presently has an average rating of “Buy” and a consensus price target of $42.00.

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Gibraltar Industries 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.

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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