Bank of Montreal Can cut its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 33.2% during the second quarter, Holdings Channel reports. The institutional investor owned 45,382 shares of the construction company’s stock after selling 22,590 shares during the period. Bank of Montreal Can’s holdings in Gibraltar Industries were worth $1,618,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its stake in Gibraltar Industries by 81,038.7% in the first quarter. BlackRock Inc. now owns 3,777,007 shares of the construction company’s stock worth $155,611,000 after buying an additional 3,772,352 shares in the last quarter. Meridian Management Co. acquired a new stake in Gibraltar Industries during the first quarter worth about $1,719,000. Vanguard Group Inc. increased its stake in Gibraltar Industries by 12.1% in the first quarter. Vanguard Group Inc. now owns 2,192,418 shares of the construction company’s stock worth $90,327,000 after buying an additional 236,562 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in Gibraltar Industries by 20.6% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,110,626 shares of the construction company’s stock worth $45,757,000 after buying an additional 189,929 shares in the last quarter. Finally, Meritage Portfolio Management acquired a new stake in Gibraltar Industries during the first quarter worth about $7,755,000.

Shares of Gibraltar Industries, Inc. (ROCK) traded down 0.18% during mid-day trading on Wednesday, hitting $28.10. 23,277 shares of the stock were exchanged. The stock’s 50-day moving average is $31.99 and its 200-day moving average is $36.40. The stock has a market capitalization of $890.99 million, a price-to-earnings ratio of 40.20 and a beta of 1.83. Gibraltar Industries, Inc. has a 52 week low of $28.05 and a 52 week high of $48.05.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $247.63 million during the quarter, compared to analysts’ expectations of $251.97 million. Gibraltar Industries had a net margin of 2.38% and a return on equity of 10.14%. Gibraltar Industries’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. Analysts forecast that Gibraltar Industries, Inc. will post $1.58 earnings per share for the current fiscal year.

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ROCK has been the subject of a number of recent analyst reports. KeyCorp reaffirmed an “overweight” rating and set a $19.00 price target (down previously from $49.00) on shares of Gibraltar Industries in a report on Thursday, May 11th. BidaskClub raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Finally, Zacks Investment Research downgraded shares of Gibraltar Industries from a “hold” rating to a “strong sell” rating in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.00.

Gibraltar Industries Company 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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