Texas Permanent School Fund Corp Has $2.33 Million Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Texas Permanent School Fund Corp lifted its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 27.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,006 shares of the construction company’s stock after purchasing an additional 7,369 shares during the quarter. Texas Permanent School Fund Corp owned 0.11% of Gibraltar Industries worth $2,331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ROCK. Vanguard Group Inc. boosted its holdings in shares of Gibraltar Industries by 2.4% in the first quarter. Vanguard Group Inc. now owns 2,888,642 shares of the construction company’s stock worth $232,622,000 after buying an additional 68,728 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Gibraltar Industries by 2.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 318,167 shares of the construction company’s stock worth $25,129,000 after purchasing an additional 7,677 shares during the period. Swedbank AB grew its position in Gibraltar Industries by 34.1% during the 2nd quarter. Swedbank AB now owns 283,251 shares of the construction company’s stock worth $19,417,000 after purchasing an additional 71,951 shares in the last quarter. Principal Financial Group Inc. raised its stake in Gibraltar Industries by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 168,582 shares of the construction company’s stock valued at $13,576,000 after purchasing an additional 2,526 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Gibraltar Industries by 4.7% in the first quarter. Nordea Investment Management AB now owns 119,089 shares of the construction company’s stock valued at $9,711,000 after purchasing an additional 5,329 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 2nd.

Gibraltar Industries Stock Performance

ROCK stock opened at $69.41 on Tuesday. The firm has a 50 day simple moving average of $69.86 and a 200 day simple moving average of $72.23. Gibraltar Industries, Inc. has a 52 week low of $59.66 and a 52 week high of $87.40. The stock has a market cap of $2.12 billion, a P/E ratio of 18.66 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, July 31st. The construction company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. The company had revenue of $353.00 million for the quarter, compared to analyst estimates of $373.60 million. During the same period last year, the business earned $1.18 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Sell-side analysts predict that Gibraltar Industries, Inc. will post 4.6 EPS for the current year.

Gibraltar Industries Profile

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. 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 for commercial and distributed generation scale solar installations.