Franklin Resources Inc. boosted its stake in shares of Gibraltar Industries Inc (NASDAQ:ROCK) by 15.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,663,028 shares of the construction company’s stock after buying an additional 222,569 shares during the quarter. Franklin Resources Inc. owned 0.05% of Gibraltar Industries worth $54,880,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. California Public Employees Retirement System boosted its stake in Gibraltar Industries by 8.5% during the fourth quarter. California Public Employees Retirement System now owns 32,118 shares of the construction company’s stock worth $1,060,000 after buying an additional 2,518 shares during the period. TD Asset Management Inc. boosted its stake in shares of Gibraltar Industries by 7.2% in the third quarter. TD Asset Management Inc. now owns 41,840 shares of the construction company’s stock valued at $1,303,000 after purchasing an additional 2,800 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Gibraltar Industries by 5.1% in the third quarter. New York State Common Retirement Fund now owns 62,676 shares of the construction company’s stock valued at $1,952,000 after purchasing an additional 3,016 shares during the period. Geode Capital Management LLC boosted its stake in shares of Gibraltar Industries by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 285,493 shares of the construction company’s stock valued at $9,421,000 after purchasing an additional 3,517 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Gibraltar Industries by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,850 shares of the construction company’s stock valued at $369,000 after purchasing an additional 4,390 shares during the period.

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Gibraltar Industries Inc (NASDAQ:ROCK) opened at $35.45 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.71 and a debt-to-equity ratio of 0.39. Gibraltar Industries Inc has a 12 month low of $25.61 and a 12 month high of $42.50. The company has a market cap of $1,104.86, a P/E ratio of 18.27 and a beta of 1.80.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.07. Gibraltar Industries had a net margin of 6.34% and a return on equity of 11.14%. The business had revenue of $258.11 million during the quarter, compared to analyst estimates of $232.50 million. During the same quarter last year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. sell-side analysts expect that Gibraltar Industries Inc will post 2.06 EPS for the current year.

Several research firms have recently commented on ROCK. BidaskClub raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 18th. Zacks Investment Research raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Monday, February 26th.

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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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