Lazard Asset Management LLC Has $100,000 Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Lazard Asset Management LLC boosted its stake in Gibraltar Industries, Inc. (NASDAQ:ROCKGet Rating) by 65.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,595 shares of the construction company’s stock after purchasing an additional 1,029 shares during the quarter. Lazard Asset Management LLC’s holdings in Gibraltar Industries were worth $100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROCK. Nisa Investment Advisors LLC acquired a new position in Gibraltar Industries in the second quarter valued at about $29,000. Point72 Hong Kong Ltd raised its stake in Gibraltar Industries by 323.2% in the first quarter. Point72 Hong Kong Ltd now owns 1,625 shares of the construction company’s stock valued at $70,000 after purchasing an additional 1,241 shares in the last quarter. US Bancorp DE raised its stake in Gibraltar Industries by 60.8% in the first quarter. US Bancorp DE now owns 2,160 shares of the construction company’s stock valued at $93,000 after purchasing an additional 817 shares in the last quarter. KBC Group NV grew its position in Gibraltar Industries by 146.0% in the first quarter. KBC Group NV now owns 2,310 shares of the construction company’s stock valued at $99,000 after acquiring an additional 1,371 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in Gibraltar Industries by 67.9% in the first quarter. Captrust Financial Advisors now owns 2,379 shares of the construction company’s stock valued at $102,000 after acquiring an additional 962 shares during the last quarter. Institutional investors and hedge funds own 98.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ROCK. KeyCorp lifted their target price on Gibraltar Industries from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, November 7th. Seaport Res Ptn reiterated a “buy” rating on shares of Gibraltar Industries in a research report on Thursday, November 3rd. Finally, StockNews.com began coverage on Gibraltar Industries in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Gibraltar Industries Stock Performance

NASDAQ:ROCK opened at $51.35 on Wednesday. The stock has a market cap of $1.59 billion, a P/E ratio of 18.81 and a beta of 1.16. The company has a current ratio of 1.91, a quick ratio of 1.19 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average is $46.02 and its 200-day moving average is $43.58. Gibraltar Industries, Inc. has a 1-year low of $36.58 and a 1-year high of $79.40.

Gibraltar Industries Profile

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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.

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

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