Public Employees Retirement Association of Colorado Has $289,000 Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Public Employees Retirement Association of Colorado reduced its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 18.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,221 shares of the construction company’s stock after selling 952 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Gibraltar Industries were worth $289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Swedbank AB bought a new position in shares of Gibraltar Industries in the 1st quarter valued at $17,016,000. Lord Abbett & CO. LLC bought a new position in Gibraltar Industries in the first quarter valued at about $5,845,000. Vanguard Group Inc. raised its stake in Gibraltar Industries by 2.4% during the first quarter. Vanguard Group Inc. now owns 2,888,642 shares of the construction company’s stock worth $232,622,000 after acquiring an additional 68,728 shares in the last quarter. NBW Capital LLC bought a new position in shares of Gibraltar Industries in the first quarter worth about $2,106,000. Finally, Quest Partners LLC grew its holdings in shares of Gibraltar Industries by 435.0% during the 2nd quarter. Quest Partners LLC now owns 21,771 shares of the construction company’s stock valued at $1,492,000 after purchasing an additional 17,702 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 2nd.

Gibraltar Industries Stock Up 1.5 %

NASDAQ ROCK opened at $70.20 on Friday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 18.87 and a beta of 1.14. Gibraltar Industries, Inc. has a twelve month low of $59.66 and a twelve month high of $87.40. The business’s fifty day moving average is $69.27 and its 200 day moving average is $71.93.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Wednesday, July 31st. The construction company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The firm had revenue of $353.00 million for the quarter, compared to analyst estimates of $373.60 million. Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 earnings per share. On average, research analysts anticipate that Gibraltar Industries, Inc. will post 4.6 earnings per share for the current fiscal year.

About Gibraltar Industries

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.