Jupiter Topco LLC bought a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,146 shares of the construction company’s stock, valued at approximately $638,000.
A number of other large investors have also modified their holdings of the company. Osaic Holdings Inc. boosted its stake in Gibraltar Industries by 16.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,348 shares of the construction company’s stock valued at $79,000 after purchasing an additional 194 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Gibraltar Industries by 73.0% in the second quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock valued at $28,000 after purchasing an additional 203 shares during the period. Gabelli Funds LLC increased its stake in shares of Gibraltar Industries by 0.6% in the fourth quarter. Gabelli Funds LLC now owns 35,951 shares of the construction company’s stock valued at $1,777,000 after purchasing an additional 208 shares during the period. California State Teachers Retirement System raised its holdings in shares of Gibraltar Industries by 1.0% during the second quarter. California State Teachers Retirement System now owns 28,132 shares of the construction company’s stock valued at $1,660,000 after buying an additional 287 shares during the last quarter. Finally, State of Wyoming boosted its position in shares of Gibraltar Industries by 28.7% during the first quarter. State of Wyoming now owns 1,360 shares of the construction company’s stock worth $54,000 after buying an additional 303 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.
Gibraltar Industries Price Performance
Shares of ROCK stock opened at $47.25 on Monday. Gibraltar Industries, Inc. has a one year low of $33.56 and a one year high of $75.08. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.46 and a quick ratio of 0.91. The stock has a fifty day moving average price of $45.53 and a 200 day moving average price of $42.41. The stock has a market cap of $1.40 billion, a P/E ratio of -9.38, a price-to-earnings-growth ratio of 0.82 and a beta of 1.23.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Seaport Research Partners reaffirmed a “buy” rating and set a $55.00 target price on shares of Gibraltar Industries in a research note on Tuesday, May 12th. Longbow Research initiated coverage on shares of Gibraltar Industries in a report on Tuesday, July 7th. They issued a “buy” rating for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Gibraltar Industries in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
Get Our Latest Research Report on Gibraltar Industries
About Gibraltar Industries
Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.
In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.
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