First Wilshire Securities Management Inc. reduced its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) by 26.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 128,938 shares of the construction company’s stock after selling 46,221 shares during the quarter. Gibraltar Industries makes up about 1.6% of First Wilshire Securities Management Inc.’s portfolio, making the stock its 21st largest position. First Wilshire Securities Management Inc.’s holdings in Gibraltar Industries were worth $6,375,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROCK. Hantz Financial Services Inc. raised its holdings in Gibraltar Industries by 240.0% during the 4th quarter. Hantz Financial Services Inc. now owns 510 shares of the construction company’s stock worth $25,000 after purchasing an additional 360 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Gibraltar Industries by 73.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock worth $28,000 after purchasing an additional 203 shares during the last quarter. Advisory Services Network LLC bought a new stake in Gibraltar Industries during the 3rd quarter worth about $38,000. Clearstead Advisors LLC raised its holdings in Gibraltar Industries by 6,841.7% during the 4th quarter. Clearstead Advisors LLC now owns 833 shares of the construction company’s stock worth $41,000 after purchasing an additional 821 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Gibraltar Industries by 16.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,348 shares of the construction company’s stock worth $79,000 after purchasing an additional 194 shares during the last quarter. 98.39% of the stock is owned by institutional investors.
Gibraltar Industries Stock Performance
Shares of ROCK stock opened at $39.41 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.41 and a quick ratio of 0.87. The stock has a market cap of $1.17 billion, a PE ratio of -8.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24. The stock has a 50-day moving average of $38.50 and a 200-day moving average of $45.31. Gibraltar Industries, Inc. has a one year low of $33.56 and a one year high of $75.08.
Insider Activity
In related news, VP Katherine Bolanowski purchased 1,400 shares of the stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of $35.63 per share, with a total value of $49,882.00. Following the purchase, the vice president directly owned 17,389 shares in the company, valued at $619,570.07. The trade was a 8.76% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Joseph A. Lovechio purchased 1,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $34.62 per share, with a total value of $34,620.00. Following the completion of the purchase, the chief financial officer owned 13,390 shares in the company, valued at $463,561.80. The trade was a 8.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 22,135 shares of company stock valued at $823,380 in the last ninety days. 0.90% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Zacks Research raised Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Seaport Research Partners reissued a “buy” rating and set a $55.00 price objective on shares of Gibraltar Industries in a report on Tuesday, May 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Gibraltar Industries in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.
Read Our Latest Report on ROCK
Gibraltar Industries Company 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.
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