Gibraltar Industries, Inc. (ROCK) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,220,001 shares of the construction company’s stock after buying an additional 4,944 shares during the period. Northern Trust Corp owned 3.85% of Gibraltar Industries worth $43,492,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Aberdeen Asset Management PLC UK boosted its holdings in shares of Gibraltar Industries by 56.6% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,739,266 shares of the construction company’s stock valued at $62,005,000 after buying an additional 628,640 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Gibraltar Industries by 4.1% in the 1st quarter. Principal Financial Group Inc. now owns 257,768 shares of the construction company’s stock valued at $10,620,000 after buying an additional 10,094 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Gibraltar Industries by 42.3% in the 1st quarter. Loomis Sayles & Co. L P now owns 266,794 shares of the construction company’s stock valued at $10,992,000 after buying an additional 79,297 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Gibraltar Industries by 81,038.7% in the 1st quarter. BlackRock Inc. now owns 3,777,007 shares of the construction company’s stock valued at $155,611,000 after buying an additional 3,772,352 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Gibraltar Industries by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 2,192,418 shares of the construction company’s stock valued at $90,327,000 after buying an additional 236,562 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: This piece was reported by Markets Daily and is the property of of Markets Daily. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.themarketsdaily.com/2017/10/11/gibraltar-industries-inc-rock-shares-bought-by-northern-trust-corp.html.

Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) opened at 31.85 on Wednesday. Gibraltar Industries, Inc. has a 52-week low of $25.61 and a 52-week high of $48.05. The company has a 50-day moving average of $29.52 and a 200 day moving average of $32.95. The stock has a market cap of $1.01 billion, a P/E ratio of 45.57 and a beta of 1.77.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $247.63 million during the quarter, compared to the consensus estimate of $251.97 million. Gibraltar Industries had a net margin of 2.38% and a return on equity of 10.14%. The firm’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. Equities research analysts forecast that Gibraltar Industries, Inc. will post $1.58 EPS for the current fiscal year.

ROCK has been the subject of several research analyst reports. BidaskClub cut shares of Gibraltar Industries from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.50.

Gibraltar Industries 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’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

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

Receive News & Ratings for Gibraltar Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibraltar Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply