Comerica Bank boosted its position in shares of Gibraltar Industries Inc (NASDAQ:ROCK) by 6.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,538 shares of the company’s stock after buying an additional 2,021 shares during the period. Comerica Bank’s holdings in Gibraltar Industries were worth $1,450,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Teachers Advisors LLC boosted its position in shares of Gibraltar Industries by 471.6% in the third quarter. Teachers Advisors LLC now owns 294,018 shares of the company’s stock worth $10,923,000 after buying an additional 242,582 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Gibraltar Industries by 12.4% in the third quarter. BlackRock Fund Advisors now owns 2,187,965 shares of the company’s stock worth $81,283,000 after buying an additional 240,943 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Gibraltar Industries by 199.9% in the third quarter. Prudential Financial Inc. now owns 234,928 shares of the company’s stock worth $8,727,000 after buying an additional 156,599 shares during the last quarter. ClariVest Asset Management LLC boosted its position in shares of Gibraltar Industries by 383.4% in the third quarter. ClariVest Asset Management LLC now owns 75,403 shares of the company’s stock worth $2,801,000 after buying an additional 59,804 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Gibraltar Industries by 41.6% in the third quarter. TIAA CREF Investment Management LLC now owns 195,429 shares of the company’s stock worth $7,260,000 after buying an additional 57,373 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

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

Shares of Gibraltar Industries Inc (NASDAQ:ROCK) opened at 41.85 on Tuesday. Gibraltar Industries Inc has a 52-week low of $24.12 and a 52-week high of $48.05. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 39.90 and a beta of 2.03. The stock has a 50 day moving average price of $41.64 and a 200-day moving average price of $40.93.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Friday, February 17th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. Gibraltar Industries had a return on equity of 11.20% and a net margin of 3.56%. The business had revenue of $231.90 million for the quarter, compared to analysts’ expectations of $228.50 million. During the same period last year, the business earned $0.29 EPS. The business’s revenue was down 17.8% on a year-over-year basis. On average, equities research analysts predict that Gibraltar Industries Inc will post $1.82 EPS for the current fiscal year.

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A number of equities analysts have commented on ROCK shares. Zacks Investment Research cut Gibraltar Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 7th. TheStreet cut Gibraltar Industries from a “b” rating to a “c+” rating in a report on Friday, February 17th. Finally, Wedbush reduced their target price on Gibraltar Industries from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, February 21st.

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 operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.

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