Louisiana State Employees Retirement System Has $1.03 Million Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Louisiana State Employees Retirement System cut its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,700 shares of the construction company’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Gibraltar Industries were worth $1,028,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System lifted its stake in Gibraltar Industries by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 8,523 shares of the construction company’s stock valued at $584,000 after purchasing an additional 158 shares during the last quarter. GAMMA Investing LLC raised its stake in Gibraltar Industries by 30.6% in the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock valued at $51,000 after buying an additional 170 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Gibraltar Industries by 1.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,805 shares of the construction company’s stock valued at $965,000 after buying an additional 211 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Gibraltar Industries by 10.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,559 shares of the construction company’s stock worth $244,000 after acquiring an additional 340 shares during the period. Finally, Texas Permanent School Fund Corp increased its holdings in shares of Gibraltar Industries by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 26,637 shares of the construction company’s stock worth $2,145,000 after acquiring an additional 345 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Stock Down 0.8 %

Gibraltar Industries stock opened at $66.95 on Monday. The company’s 50-day moving average price is $68.37 and its two-hundred day moving average price is $70.27. The stock has a market cap of $2.03 billion, a P/E ratio of 18.60 and a beta of 1.14. Gibraltar Industries, Inc. has a twelve month low of $61.92 and a twelve month high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. The company had revenue of $361.20 million for the quarter, compared to analyst estimates of $360.43 million. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 earnings per share. Equities analysts anticipate that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd.

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.