According to the company’s most recent filing with the Securities and Exchange Commission, Van ECK Associates Corp. reduced its position in Gibraltar Industries, Inc. (NASDAQ: ROCK) in the third quarter by 9.2 percentage points (SEC). The institutional investor had 31,121 shares in their possession at the end of the time frame after having sold 3,144 shares of the construction company’s stock throughout the time frame. According to the most recent SEC filing that Van ECK Associates Corp. made, the company owns approximately 0.10% of Gibraltar Industries, equivalent to a value of $1,274,000.
Recently, several additional large investors have bought and sold ROCK shares. These transactions took place relatively recently. These dealings were carried out not too long ago. Keybank National Association OH increased its holdings in Gibraltar Industries during the third quarter by a percentage equal to 3.0% of the company’s total value. After purchasing an additional 229 shares during the most recent quarter, Keybank National Association OH now owns a total of 7,974 shares of the construction company’s stock, which is $326,000. These shares were acquired as a result of the most recent purchase. During the third quarter, Trust Financial Corporation was able to amass 17.5% more shares of Gibraltar Industries. The value of Trust Financial Corp.’s current holdings in the construction industry, which amount to 54,188 shares, is $2,218,000. Compared to the company’s holdings three months earlier, this represents an increase of 8,056 shares. Raymond James & Associates made a profitable purchase of the stock of Gibraltar Industries during the third quarter by paying a premium of 17.4 percent above the stock’s original price. Raymond James & Associates now has a total of 54,936 shares of the construction company’s stock after purchasing an additional 8,154 shares during the most recent period. The value of all of Raymond James & Associates’s shares of the construction company’s stock comes to a combined total of $2,249,000. During the third quarter, AE Wealth Management LLC completed a 9.7% increase in the Gibraltar Industries stock held in its portfolio. AE Wealth Management LLC now has 20,584 shares of the construction company’s stock, currently valued at $843,000. This was achieved after the company made an additional purchase of 1,814 shares during the period in question. The Louisiana State Employees Retirement System made a new investment in Gibraltar Industries during the third quarter, contributing approximately 618 thousand dollars. This investment was a component of the business’s overall growth strategy. Institutional investors and hedge funds hold 98.18 percent of the company’s total shares, accounting for the majority of the total ownership.
The NASDAQ ROCK market opened for business on Monday at $51.48 per share. During the previous year, Gibraltar Industries, Inc.’s share price ranged from $36.58 to $62.90 at various points. The debt-to-equity ratio is 0.14, the current ratio is 1.91, and the quick ratio is 1.19. All of these figures are presented in ratio form. The company’s price-to-earnings ratio is currently at 18.86, and its beta value is at 1.16. The company’s market capitalization is currently valued at $1.59 billion. The stock’s simple moving average over the past 50 days is $48.56, and its simple moving average over the past 200 days is $45.42.
On November 3rd, the most recent quarterly earnings report that was made public for Gibraltar Industries (NASDAQ: ROCK) was made available. The building company reported a quarterly profit of $1.12 per share, which is $0.09 higher than the consensus forecast for the period, which was $1.03 per share. Gibraltar Industries achieved a return on equity of 12.63 percent, and the company’s net margin was 6.27 percent. The company’s sales for the quarter came in at $391.29 million, which is significantly higher than the consensus projection of $390.79 million. According to the projections of equity research analysts, Gibraltar Industries, Inc. will bring in $3.34 per share in revenue during the current fiscal year.
Recently, many individuals who are equity research experts have been focusing their attention on the ROCK stock. In a report distributed on December 12th and December 12th, the recommendation for Gibraltar Industries at StockNews.com was changed from “hold” to “buy,” indicating a more bullish outlook for the company. Seaport Research Partners reaffirmed its “buy” rating on the shares of Gibraltar Industries in a study that was published on November 3rd and November 3rd, and the study was titled “Gibraltar Industries.” KeyCorp raised their price target for Gibraltar Industries shares from $54.00 to $59.00 and assigned the company an “overweight” rating in a research note published on November 7th, November 7th. This information was incorporated into the report compiled on the company’s performance.
Building materials are manufactured and distributed by Gibraltar Industries, Inc., the company’s primary line of business. The company serves the residential, tech, and renewable energy markets in North America and Asia. Additionally, it serves the infrastructure market. Renewable energy, residential real estate, agricultural technologies, and infrastructure comprise its four distinct business sec.