Royal Bank of Canada Has $482,000 Holdings in Gibraltar Industries, Inc. (ROCK)

Royal Bank of Canada trimmed its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 34.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,499 shares of the construction company’s stock after selling 7,100 shares during the quarter. Royal Bank of Canada’s holdings in Gibraltar Industries were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Profund Advisors LLC boosted its holdings in shares of Gibraltar Industries by 9.1% in the 2nd quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock worth $205,000 after buying an additional 480 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Gibraltar Industries by 78.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,238 shares of the construction company’s stock worth $222,000 after buying an additional 2,748 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in shares of Gibraltar Industries by 33.7% in the 2nd quarter. GW&K Investment Management LLC now owns 6,770 shares of the construction company’s stock worth $241,000 after buying an additional 1,705 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Gibraltar Industries by 1.4% in the 2nd quarter. Aperio Group LLC now owns 7,200 shares of the construction company’s stock worth $257,000 after buying an additional 101 shares during the last quarter. Finally, Petrus Trust Company LTA purchased a new position in shares of Gibraltar Industries in the 2nd quarter worth about $305,000.

Shares of Gibraltar Industries, Inc. (NASDAQ ROCK) opened at $30.55 on Tuesday. Gibraltar Industries, Inc. has a fifty-two week low of $25.61 and a fifty-two week high of $48.05. The company has a market cap of $966.49, a PE ratio of 19.06 and a beta of 1.78. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.41.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.11. Gibraltar Industries had a return on equity of 10.77% and a net margin of 3.08%. The firm had revenue of $274.57 million for the quarter, compared to analysts’ expectations of $275.80 million. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s revenue was up .7% on a year-over-year basis. equities research analysts anticipate that Gibraltar Industries, Inc. will post 1.64 EPS for the current year.

Several research firms have commented on ROCK. BidaskClub downgraded shares of Gibraltar Industries from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Tuesday, November 7th. TheStreet raised shares of Gibraltar Industries from a “c” rating to a “b-” rating in a report on Friday, November 3rd. Finally, KeyCorp reaffirmed a “buy” rating and set a $39.00 price objective on shares of Gibraltar Industries in a report on Sunday, October 15th. One analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $42.00.

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Gibraltar Industries Company Profile

Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

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

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