Royce & Associates LP decreased its holdings in Gibraltar Industries Inc (NASDAQ:ROCK) by 4.3% in the third quarter, HoldingsChannel.com reports. The fund owned 248,073 shares of the construction company’s stock after selling 11,100 shares during the quarter. Royce & Associates LP’s holdings in Gibraltar Industries were worth $11,312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in Gibraltar Industries by 93.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,900 shares of the construction company’s stock valued at $109,000 after buying an additional 1,400 shares during the last quarter. Sawtooth Solutions LLC bought a new position in Gibraltar Industries during the third quarter valued at approximately $208,000. Crossmark Global Holdings Inc. bought a new position in Gibraltar Industries during the third quarter valued at approximately $227,000. Brown Advisory Inc. bought a new position in Gibraltar Industries during the third quarter valued at approximately $244,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Gibraltar Industries during the second quarter valued at approximately $252,000.

A number of equities analysts recently commented on the company. BidaskClub raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 22nd. Zacks Investment Research lowered Gibraltar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Finally, ValuEngine raised Gibraltar Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th.

Shares of Gibraltar Industries stock opened at $36.07 on Thursday. Gibraltar Industries Inc has a 12 month low of $29.50 and a 12 month high of $49.10. The company has a market cap of $1.16 billion, a P/E ratio of 21.09 and a beta of 1.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.78 and a quick ratio of 2.27.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Thursday, November 1st. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.01. The business had revenue of $280.10 million during the quarter, compared to analyst estimates of $287.93 million. Gibraltar Industries had a return on equity of 12.23% and a net margin of 7.44%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.67 EPS. Research analysts predict that Gibraltar Industries Inc will post 2.07 earnings per share for the current year.

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About Gibraltar Industries

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

Further Reading: Balance Sheet

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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