Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCKGet Rating) by 34.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 257,975 shares of the construction company’s stock after purchasing an additional 66,535 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.79% of Gibraltar Industries worth $11,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of ROCK. Victory Capital Management Inc. lifted its stake in shares of Gibraltar Industries by 22.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,143,687 shares of the construction company’s stock valued at $49,049,000 after purchasing an additional 207,711 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Gibraltar Industries by 307.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 247,555 shares of the construction company’s stock valued at $10,632,000 after purchasing an additional 186,865 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of Gibraltar Industries in the 1st quarter valued at $5,777,000. BlackRock Inc. lifted its stake in shares of Gibraltar Industries by 2.3% in the 1st quarter. BlackRock Inc. now owns 5,310,267 shares of the construction company’s stock valued at $228,077,000 after purchasing an additional 119,766 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its stake in shares of Gibraltar Industries by 10.2% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,043,680 shares of the construction company’s stock valued at $69,059,000 after purchasing an additional 96,381 shares during the last quarter. Institutional investors and hedge funds own 98.16% of the company’s stock.

Gibraltar Industries Stock Performance

Shares of Gibraltar Industries stock opened at $41.85 on Tuesday. The business’s fifty day simple moving average is $43.50 and its 200-day simple moving average is $42.61. Gibraltar Industries, Inc. has a 52 week low of $36.86 and a 52 week high of $79.40. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.32 billion, a PE ratio of 16.88 and a beta of 1.16.

Gibraltar Industries (NASDAQ:ROCKGet Rating) last posted its earnings results on Wednesday, August 3rd. The construction company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.16. Gibraltar Industries had a return on equity of 12.07% and a net margin of 5.88%. The firm had revenue of $366.90 million for the quarter, compared to analyst estimates of $364.43 million. During the same quarter in the prior year, the company earned $0.80 EPS. Gibraltar Industries’s revenue was up 5.3% on a year-over-year basis. Equities analysts forecast that Gibraltar Industries, Inc. will post 3.32 earnings per share for the current year.

About Gibraltar Industries

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Gibraltar Industries, Inc manufactures and distributes building products for the renewable energy, residential, agtech, and infrastructure markets in North America and Asia. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems.

See Also

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

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