Lord Abbett & CO. LLC lessened its holdings in shares of Gibraltar Industries Inc (NASDAQ:ROCK) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,071,795 shares of the construction company’s stock after selling 26,543 shares during the quarter. Lord Abbett & CO. LLC owned approximately 3.34% of Gibraltar Industries worth $38,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of ROCK. PNC Financial Services Group Inc. boosted its stake in shares of Gibraltar Industries by 99.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,849 shares of the construction company’s stock worth $173,000 after acquiring an additional 2,418 shares during the last quarter. Whittier Trust Co. bought a new stake in shares of Gibraltar Industries during the 4th quarter valued at $187,000. Laurion Capital Management LP bought a new stake in shares of Gibraltar Industries during the 3rd quarter valued at $201,000. Ibex Investors LLC bought a new stake in shares of Gibraltar Industries during the 3rd quarter valued at $201,000. Finally, Amalgamated Bank bought a new stake in shares of Gibraltar Industries during the 3rd quarter valued at $211,000.

Shares of ROCK stock opened at $39.81 on Friday. The firm has a market cap of $1.27 billion, a PE ratio of 18.60 and a beta of 1.53. Gibraltar Industries Inc has a one year low of $31.96 and a one year high of $49.10.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Thursday, February 21st. The construction company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.07. The firm had revenue of $240.91 million for the quarter, compared to the consensus estimate of $244.45 million. Gibraltar Industries had a net margin of 6.37% and a return on equity of 12.23%. The company’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. On average, analysts anticipate that Gibraltar Industries Inc will post 2.52 earnings per share for the current fiscal year.

Several analysts have recently commented on ROCK shares. ValuEngine upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. Zacks Investment Research upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. BidaskClub upgraded shares of Gibraltar Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 22nd. Finally, Sidoti started coverage on shares of Gibraltar Industries in a research report on Tuesday, January 8th. They set a “neutral” rating and a $40.00 price objective on the stock.

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About Gibraltar Industries

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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