Segall Bryant & Hamill LLC boosted its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) by 21.9% in the 1st quarter, HoldingsChannel reports. The fund owned 430,995 shares of the construction company’s stock after acquiring an additional 77,440 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Gibraltar Industries were worth $17,184,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of Gibraltar Industries by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,705,997 shares of the construction company’s stock worth $68,018,000 after purchasing an additional 7,251 shares during the period. State Street Corp lifted its stake in shares of Gibraltar Industries by 5.8% in the fourth quarter. State Street Corp now owns 1,363,153 shares of the construction company’s stock valued at $67,394,000 after purchasing an additional 74,427 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Gibraltar Industries by 3.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 986,324 shares of the construction company’s stock valued at $48,764,000 after purchasing an additional 32,764 shares during the period. Boston Partners boosted its holdings in Gibraltar Industries by 3,483.6% during the fourth quarter. Boston Partners now owns 923,711 shares of the construction company’s stock worth $45,993,000 after buying an additional 897,935 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Gibraltar Industries by 694.4% during the third quarter. Alliancebernstein L.P. now owns 536,668 shares of the construction company’s stock worth $33,703,000 after buying an additional 469,111 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.
Gibraltar Industries Trading Down 1.4%
NASDAQ:ROCK opened at $42.26 on Friday. Gibraltar Industries, Inc. has a 52-week low of $33.56 and a 52-week high of $75.08. The company has a quick ratio of 0.87, a current ratio of 1.41 and a debt-to-equity ratio of 1.39. The stock has a fifty day simple moving average of $41.66 and a 200-day simple moving average of $43.55. The company has a market capitalization of $1.25 billion, a PE ratio of -9.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.21.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on ROCK shares. Seaport Research Partners reaffirmed a “buy” rating and issued a $55.00 target price on shares of Gibraltar Industries in a report on Tuesday, May 12th. Longbow Research started coverage on Gibraltar Industries in a research note on Tuesday, July 7th. They set a “buy” rating on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Gibraltar Industries in a report on Friday, May 29th. Finally, Zacks Research raised Gibraltar Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Get Our Latest Research Report on ROCK
Insider Buying and Selling at Gibraltar Industries
In other Gibraltar Industries news, CEO William T. Bosway purchased 19,735 shares of Gibraltar Industries stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $37.44 per share, with a total value of $738,878.40. Following the completion of the acquisition, the chief executive officer directly owned 250,320 shares of the company’s stock, valued at approximately $9,371,980.80. This trade represents a 8.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Katherine Bolanowski purchased 1,400 shares of the stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of $35.63 per share, for a total transaction of $49,882.00. Following the completion of the transaction, the vice president directly owned 17,389 shares of the company’s stock, valued at approximately $619,570.07. The trade was a 8.76% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 22,135 shares of company stock valued at $823,380 over the last quarter. Corporate insiders own 0.90% of the company’s stock.
Gibraltar Industries Profile
Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.
In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.
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