Pacer Advisors Inc. acquired a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 83,366 shares of the construction company’s stock, valued at approximately $4,122,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROCK. Osaic Holdings Inc. increased its stake in shares of Gibraltar Industries by 16.8% in the second quarter. Osaic Holdings Inc. now owns 1,348 shares of the construction company’s stock worth $79,000 after purchasing an additional 194 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Gibraltar Industries by 73.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock valued at $28,000 after buying an additional 203 shares in the last quarter. Cascade Investment Advisors Inc. boosted its holdings in Gibraltar Industries by 1.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 19,330 shares of the construction company’s stock worth $956,000 after buying an additional 205 shares during the period. Gabelli Funds LLC grew its stake in Gibraltar Industries by 0.6% in the 4th quarter. Gabelli Funds LLC now owns 35,951 shares of the construction company’s stock valued at $1,777,000 after buying an additional 208 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Gibraltar Industries by 1.6% in the 4th quarter. State of Alaska Department of Revenue now owns 16,702 shares of the construction company’s stock valued at $825,000 after buying an additional 267 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.
Gibraltar Industries Stock Performance
Gibraltar Industries stock opened at $40.01 on Tuesday. The firm’s 50 day simple moving average is $38.68 and its 200 day simple moving average is $44.87. The company has a current ratio of 1.41, a quick ratio of 0.87 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $1.19 billion, a PE ratio of -8.99, a price-to-earnings-growth ratio of 0.72 and a beta of 1.24. Gibraltar Industries, Inc. has a 1-year low of $33.56 and a 1-year high of $75.08.
Wall Street Analysts Forecast Growth
ROCK has been the topic of several recent research reports. Zacks Research upgraded Gibraltar Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Gibraltar Industries in a research note on Friday, May 29th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.
Read Our Latest Research Report on Gibraltar Industries
Insider Buying and Selling
In other Gibraltar Industries news, VP Katherine Bolanowski acquired 1,400 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $35.63 per share, with a total value of $49,882.00. Following the completion of the purchase, the vice president owned 17,389 shares of the company’s stock, valued at approximately $619,570.07. This represents a 8.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William T. Bosway bought 19,735 shares of Gibraltar Industries stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $37.44 per share, with a total value of $738,878.40. Following the completion of the transaction, the chief executive officer owned 250,320 shares of the company’s stock, valued at $9,371,980.80. This represents a 8.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 22,135 shares of company stock worth $823,380. Corporate insiders own 0.90% of the company’s stock.
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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