The Manufacturers Life Insurance Company Increases Stake in Gibraltar Industries, Inc. (ROCK)

The Manufacturers Life Insurance Company grew its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 2.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 24,963 shares of the construction company’s stock after buying an additional 710 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Gibraltar Industries worth $889,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Profund Advisors LLC raised its holdings in shares of Gibraltar Industries by 9.1% in the second quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock valued at $205,000 after buying an additional 480 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Gibraltar Industries by 78.7% in the second 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 last quarter. Aperio Group LLC raised its holdings in shares of Gibraltar Industries by 1.4% in the second quarter. Aperio Group LLC now owns 7,200 shares of the construction company’s stock valued at $257,000 after buying an additional 101 shares during the last quarter. Petrus Trust Company LTA purchased a new stake in shares of Gibraltar Industries in the second quarter valued at about $305,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Gibraltar Industries by 68.3% in the second quarter. BNP Paribas Arbitrage SA now owns 10,475 shares of the construction company’s stock valued at $373,000 after buying an additional 4,252 shares during the last quarter.

ILLEGAL ACTIVITY NOTICE: “The Manufacturers Life Insurance Company Increases Stake in Gibraltar Industries, Inc. (ROCK)” was first posted by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.themarketsdaily.com/2017/11/15/the-manufacturers-life-insurance-company-increases-stake-in-gibraltar-industries-inc-rock.html.

A number of equities research analysts have recently commented on ROCK shares. TheStreet raised shares of Gibraltar Industries from a “c” rating to a “b-” rating in a report on Friday, November 3rd. KeyCorp reaffirmed a “buy” rating and issued a $39.00 target price on shares of Gibraltar Industries in a report on Sunday, October 15th. Zacks Investment Research raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Tuesday, November 7th. Finally, BidaskClub cut shares of Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. Gibraltar Industries presently has a consensus rating of “Buy” and a consensus target price of $42.00.

Gibraltar Industries, Inc. (NASDAQ ROCK) opened at $30.70 on Wednesday. The stock has a market cap of $968.07, a PE ratio of 19.09 and a beta of 1.78. Gibraltar Industries, Inc. has a 1-year low of $25.61 and a 1-year high of $48.05. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.41.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.11. The firm had revenue of $274.57 million during the quarter, compared to analysts’ expectations of $275.80 million. Gibraltar Industries had a net margin of 3.08% and a return on equity of 10.77%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. analysts predict that Gibraltar Industries, Inc. will post 1.64 EPS for the current fiscal year.

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’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