The Manufacturers Life Insurance Company purchased a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,092 shares of the construction company’s stock, valued at approximately $590,000.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. increased its stake in Gibraltar Industries by 240.0% in the 4th quarter. Hantz Financial Services Inc. now owns 510 shares of the construction company’s stock valued at $25,000 after purchasing an additional 360 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Gibraltar Industries by 822.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the construction company’s stock worth $25,000 after purchasing an additional 444 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Gibraltar Industries by 73.0% in the second quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Gibraltar Industries in the third quarter valued at $38,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Gibraltar Industries in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 98.39% of the company’s stock.
Gibraltar Industries Stock Performance
Gibraltar Industries stock opened at $47.25 on Monday. Gibraltar Industries, Inc. has a fifty-two week low of $33.56 and a fifty-two week high of $75.08. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -9.38, a PEG ratio of 0.82 and a beta of 1.23. The stock has a fifty day moving average of $45.53 and a two-hundred day moving average of $42.41. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.91 and a current ratio of 1.46.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gibraltar Industries in a research note on Wednesday, August 26th. Seaport Research Partners reissued a “buy” rating and issued a $55.00 price objective on shares of Gibraltar Industries in a research note on Tuesday, May 12th. Finally, Longbow Research started coverage on shares of Gibraltar Industries in a report on Tuesday, July 7th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Gibraltar Industries
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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