Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 14.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,084,170 shares of the construction company’s stock after acquiring an additional 138,194 shares during the period. Pacer Advisors Inc. owned about 3.56% of Gibraltar Industries worth $74,320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Quadrant Capital Group LLC grew its stake in shares of Gibraltar Industries by 26.3% in the fourth quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock worth $53,000 after acquiring an additional 139 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Gibraltar Industries by 1.9% during the second quarter. Arizona State Retirement System now owns 8,523 shares of the construction company’s stock worth $584,000 after purchasing an additional 158 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Gibraltar Industries by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock worth $1,049,000 after purchasing an additional 200 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in shares of Gibraltar Industries by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 26,637 shares of the construction company’s stock worth $2,145,000 after purchasing an additional 345 shares in the last quarter. Finally, Anchor Capital Advisors LLC grew its stake in shares of Gibraltar Industries by 2.1% during the first quarter. Anchor Capital Advisors LLC now owns 17,831 shares of the construction company’s stock worth $1,436,000 after purchasing an additional 364 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 2nd.

Gibraltar Industries Price Performance

Shares of ROCK opened at $71.37 on Friday. Gibraltar Industries, Inc. has a 1-year low of $59.66 and a 1-year high of $87.40. The stock has a market cap of $2.18 billion, a PE ratio of 19.19 and a beta of 1.14. The firm has a fifty day moving average price of $70.02 and a 200 day moving average price of $72.15.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Wednesday, July 31st. The construction company reported $1.18 earnings per share 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 during the quarter, compared to analysts’ expectations of $373.60 million. During the same period last year, the firm earned $1.18 earnings per share. Gibraltar Industries’s revenue was down 3.3% on a year-over-year basis. As a group, equities analysts expect that Gibraltar Industries, Inc. will post 4.6 EPS for the current fiscal 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.