Teacher Retirement System of Texas Acquires 54,895 Shares of Gibraltar Industries, Inc. $ROCK

Teacher Retirement System of Texas increased its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 294.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 73,524 shares of the construction company’s stock after buying an additional 54,895 shares during the quarter. Teacher Retirement System of Texas owned 0.25% of Gibraltar Industries worth $4,617,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its stake in Gibraltar Industries by 73.0% in the second quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Gibraltar Industries by 16.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,348 shares of the construction company’s stock worth $79,000 after purchasing an additional 194 shares during the period. AlphaQuest LLC lifted its stake in Gibraltar Industries by 34.5% in the second quarter. AlphaQuest LLC now owns 2,251 shares of the construction company’s stock valued at $133,000 after purchasing an additional 577 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Gibraltar Industries by 149.2% in the third quarter. Nisa Investment Advisors LLC now owns 2,706 shares of the construction company’s stock valued at $170,000 after purchasing an additional 1,620 shares during the last quarter. Finally, State of Wyoming grew its holdings in Gibraltar Industries by 220.6% during the second quarter. State of Wyoming now owns 3,036 shares of the construction company’s stock valued at $179,000 after purchasing an additional 2,089 shares during the period. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Performance

Shares of ROCK opened at $50.66 on Wednesday. The stock’s 50-day simple moving average is $50.74 and its 200 day simple moving average is $58.71. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 633.33, a price-to-earnings-growth ratio of 0.79 and a beta of 1.26. Gibraltar Industries, Inc. has a 52-week low of $42.86 and a 52-week high of $75.08.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Thursday, October 30th. The construction company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). Gibraltar Industries had a net margin of 0.35% and a return on equity of 12.58%. The company had revenue of $310.94 million for the quarter, compared to analysts’ expectations of $317.50 million. During the same period in the previous year, the firm earned $1.27 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. On average, research analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gibraltar Industries in a research report on Monday, December 29th. Zacks Research downgraded shares of Gibraltar Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Finally, CJS Securities upgraded shares of Gibraltar Industries to a “strong-buy” rating in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Gibraltar Industries currently has a consensus rating of “Hold”.

Gibraltar Industries Profile

Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.

In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.