Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Get Rating) in the third quarter, HoldingsChannel.com reports. The firm acquired 1,909 shares of the construction company’s stock, valued at approximately $78,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Gibraltar Industries by 59.5% in the first quarter. JPMorgan Chase & Co. now owns 33,829 shares of the construction company’s stock valued at $1,453,000 after acquiring an additional 12,621 shares during the last quarter. US Bancorp DE raised its position in Gibraltar Industries by 60.8% in the 1st 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 during the last quarter. Citigroup Inc. boosted its stake in Gibraltar Industries by 12.2% in the first quarter. Citigroup Inc. now owns 31,852 shares of the construction company’s stock worth $1,368,000 after purchasing an additional 3,456 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Gibraltar Industries by 23.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,199 shares of the construction company’s stock worth $138,000 after purchasing an additional 614 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Gibraltar Industries by 57.5% in the first quarter. MetLife Investment Management LLC now owns 17,585 shares of the construction company’s stock valued at $755,000 after buying an additional 6,421 shares in the last quarter. Institutional investors and hedge funds own 98.18% of the company’s stock.
Gibraltar Industries Price Performance
Shares of ROCK stock opened at $51.48 on Tuesday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 18.86 and a beta of 1.16. Gibraltar Industries, Inc. has a 12 month low of $36.58 and a 12 month high of $62.90. The company has a quick ratio of 1.19, a current ratio of 1.91 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $48.59 and a 200 day moving average price of $45.51.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. KeyCorp increased their price objective on shares of Gibraltar Industries from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, November 7th. StockNews.com raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating in a report on Monday, December 12th. Finally, Seaport Res Ptn restated a “buy” rating on shares of Gibraltar Industries in a research report on Thursday, November 3rd.
Gibraltar Industries Profile
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.
- Get a free copy of the StockNews.com research report on Gibraltar Industries (ROCK)
- $2,000 at Alphabet’s YouTube Purchase: You’d Be Up This Much.
- Michael Burry is Bearish on Stocks Again and Heres Why
- Don’t Miss These 2 Mid-Cap Techs That Broke Out Last Week
- Is Macau a Sinking Ship for Wynn Resorts?
- Why Warner Bros Discovery Is the S&P’s Hottest Stock
Receive News & Ratings for Gibraltar Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibraltar Industries and related companies with MarketBeat.com's FREE daily email newsletter.