PDT Partners LLC Invests $3.21 Million in Gibraltar Industries, Inc. (ROCK) Stock
PDT Partners LLC bought a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 89,984 shares of the construction company’s stock, valued at approximately $3,208,000. PDT Partners LLC owned approximately 0.28% of Gibraltar Industries as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of ROCK. Ameritas Investment Partners Inc. purchased a new stake in shares of Gibraltar Industries in the 1st quarter valued at approximately $112,000. Profund Advisors LLC increased its holdings in shares of Gibraltar Industries by 9.1% during the 2nd quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock worth $205,000 after buying an additional 480 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Gibraltar Industries by 14.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,223 shares of the construction company’s stock worth $256,000 after buying an additional 771 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Gibraltar Industries by 78.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,238 shares of the construction company’s stock valued at $222,000 after buying an additional 2,748 shares during the period. Finally, GW&K Investment Management LLC raised its position in shares of Gibraltar Industries by 33.7% during the 2nd quarter. GW&K Investment Management LLC now owns 6,770 shares of the construction company’s stock valued at $241,000 after buying an additional 1,705 shares during the period.
Several analysts have recently commented on the stock. BidaskClub raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Gibraltar Industries presently has an average rating of “Hold” and an average price target of $37.00.
Shares of Gibraltar Industries, Inc. (NASDAQ ROCK) opened at 31.30 on Tuesday. The firm has a market capitalization of $992.46 million, a P/E ratio of 44.78 and a beta of 1.77. Gibraltar Industries, Inc. has a 12 month low of $25.61 and a 12 month high of $48.05. The company’s 50 day moving average price is $28.86 and its 200-day moving average price is $33.36.
Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Thursday, July 27th. The construction company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The firm had revenue of $247.63 million during the quarter, compared to analyst estimates of $251.97 million. Gibraltar Industries had a return on equity of 10.14% and a net margin of 2.38%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. On average, equities analysts predict that Gibraltar Industries, Inc. will post $1.58 earnings per share for the current fiscal year.
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About Gibraltar Industries
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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