Maryland State Retirement & Pension System Has $874,000 Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Maryland State Retirement & Pension System trimmed its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,062 shares of the construction company’s stock after selling 144 shares during the period. Maryland State Retirement & Pension System’s holdings in Gibraltar Industries were worth $874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. increased its stake in shares of Gibraltar Industries by 122.0% in the 4th quarter. Pacer Advisors Inc. now owns 820,031 shares of the construction company’s stock valued at $64,766,000 after buying an additional 450,665 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Gibraltar Industries by 9.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 634,595 shares of the construction company’s stock valued at $50,120,000 after purchasing an additional 56,126 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Gibraltar Industries by 182.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 335,518 shares of the construction company’s stock worth $22,651,000 after buying an additional 216,818 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Gibraltar Industries by 9.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 305,038 shares of the construction company’s stock worth $20,593,000 after buying an additional 25,358 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Gibraltar Industries by 72.2% in the third quarter. Invesco Ltd. now owns 245,220 shares of the construction company’s stock valued at $16,555,000 after buying an additional 102,848 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, April 29th.

Gibraltar Industries Price Performance

Shares of ROCK stock opened at $74.70 on Friday. The stock has a market cap of $2.28 billion, a PE ratio of 20.08 and a beta of 1.20. The stock has a 50-day moving average of $75.43 and a 200-day moving average of $75.15. Gibraltar Industries, Inc. has a one year low of $51.36 and a one year high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, May 1st. The construction company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. Gibraltar Industries had a net margin of 8.31% and a return on equity of 14.39%. The firm had revenue of $292.51 million during the quarter, compared to the consensus estimate of $296.29 million. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was down .3% on a year-over-year basis. As a group, research analysts anticipate that Gibraltar Industries, Inc. will post 4.79 earnings per share for the current year.

Gibraltar Industries Company 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.