State of New Jersey Common Pension Fund D Purchases New Holdings in Gibraltar Industries, Inc. $ROCK

State of New Jersey Common Pension Fund D bought a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 34,779 shares of the construction company’s stock, valued at approximately $2,184,000. State of New Jersey Common Pension Fund D owned 0.12% of Gibraltar Industries as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Uniting Wealth Partners LLC acquired a new stake in shares of Gibraltar Industries during the 3rd quarter valued at $251,000. Public Sector Pension Investment Board raised its holdings in shares of Gibraltar Industries by 14.6% during the third quarter. Public Sector Pension Investment Board now owns 115,148 shares of the construction company’s stock worth $7,231,000 after acquiring an additional 14,650 shares in the last quarter. Johnson Investment Counsel Inc. acquired a new stake in Gibraltar Industries during the third quarter valued at $263,000. Envestnet Asset Management Inc. grew its stake in Gibraltar Industries by 3.8% in the third quarter. Envestnet Asset Management Inc. now owns 20,489 shares of the construction company’s stock valued at $1,287,000 after purchasing an additional 741 shares in the last quarter. Finally, State of Wyoming increased its position in Gibraltar Industries by 59.9% in the 3rd quarter. State of Wyoming now owns 4,855 shares of the construction company’s stock worth $305,000 after purchasing an additional 1,819 shares during the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

Gibraltar Industries Trading Down 4.5%

ROCK opened at $50.40 on Tuesday. The stock’s 50 day simple moving average is $52.15 and its 200-day simple moving average is $57.20. The stock has a market cap of $1.49 billion, a PE ratio of 630.08, a P/E/G ratio of 0.81 and a beta of 1.32. Gibraltar Industries, Inc. has a 1 year low of $42.86 and a 1 year high of $75.08.

Wall Street Analysts Forecast Growth

ROCK has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gibraltar Industries in a report on Monday, December 29th. Zacks Research cut Gibraltar Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, CJS Securities raised Gibraltar Industries to a “strong-buy” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Gibraltar Industries Profile

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.