Arizona State Retirement System boosted its holdings in shares of Gibraltar Industries Inc (NASDAQ:ROCK) by 225.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,260 shares of the construction company’s stock after buying an additional 36,909 shares during the period. Arizona State Retirement System’s holdings in Gibraltar Industries were worth $1,758,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of ROCK. Wedge Capital Management L L P NC bought a new stake in Gibraltar Industries during the fourth quarter valued at $4,567,000. Assenagon Asset Management S.A. bought a new stake in Gibraltar Industries during the fourth quarter valued at $2,899,000. Public Employees Retirement Association of Colorado boosted its stake in Gibraltar Industries by 22.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 430,824 shares of the construction company’s stock valued at $14,217,000 after buying an additional 78,500 shares during the period. Alambic Investment Management L.P. boosted its stake in Gibraltar Industries by 179.6% during the fourth quarter. Alambic Investment Management L.P. now owns 83,868 shares of the construction company’s stock valued at $2,768,000 after buying an additional 53,868 shares during the period. Finally, Systematic Financial Management LP boosted its stake in Gibraltar Industries by 57.8% during the third quarter. Systematic Financial Management LP now owns 141,685 shares of the construction company’s stock valued at $4,413,000 after buying an additional 51,880 shares during the period.
Shares of Gibraltar Industries Inc (ROCK) opened at $35.25 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.20 and a current ratio of 2.71. Gibraltar Industries Inc has a 52 week low of $25.61 and a 52 week high of $42.50. The stock has a market capitalization of $1,111.21, a PE ratio of 18.17 and a beta of 1.80.
Several equities research analysts recently issued reports on ROCK shares. Zacks Investment Research lowered Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub raised Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, KeyCorp reaffirmed a “buy” rating and set a $39.00 price target on shares of Gibraltar Industries in a research note on Friday, November 17th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Gibraltar Industries presently has a consensus rating of “Buy” and a consensus target price of $43.00.
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Gibraltar Industries 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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