Texas Permanent School Fund Sells 1,929 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Texas Permanent School Fund cut its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Get Rating) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,821 shares of the construction company's stock after selling 1,929 shares during the quarter. Texas Permanent School Fund owned approximately 0.07% of Gibraltar Industries worth $955,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in Gibraltar Industries during the 1st quarter worth approximately $67,000. Point72 Hong Kong Ltd grew its position in Gibraltar Industries by 323.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,625 shares of the construction company's stock worth $70,000 after acquiring an additional 1,241 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in Gibraltar Industries during the 3rd quarter worth approximately $78,000. Public Employees Retirement System of Ohio grew its position in Gibraltar Industries by 12.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,035 shares of the construction company's stock worth $83,000 after acquiring an additional 224 shares during the last quarter. Finally, FMR LLC grew its position in Gibraltar Industries by 38.9% during the 2nd quarter. FMR LLC now owns 2,314 shares of the construction company's stock worth $90,000 after acquiring an additional 648 shares during the last quarter. 98.18% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on ROCK shares. StockNews.com started coverage on Gibraltar Industries in a research report on Thursday, March 16th. They set a "buy" rating on the stock. TheStreet upgraded Gibraltar Industries from a "c+" rating to a "b-" rating in a research report on Thursday, February 16th.

ROCK opened at $55.36 on Tuesday. The stock has a market cap of $1.68 billion, a PE ratio of 19.99 and a beta of 1.14. The company has a quick ratio of 1.07, a current ratio of 1.79 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average of $49.40 and a 200-day moving average of $50.18. Gibraltar Industries, Inc. has a 52 week low of $36.58 and a 52 week high of $57.53.

Gibraltar Industries (NASDAQ:ROCK - Get Rating) last released its earnings results on Wednesday, May 3rd. The construction company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.08. The company had revenue of $293.27 million during the quarter, compared to analysts' expectations of $298.90 million. Gibraltar Industries had a return on equity of 13.43% and a net margin of 6.45%. The firm's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Equities research analysts predict that Gibraltar Industries, Inc. will post 3.55 earnings per share for the current fiscal year.

Gibraltar Industries, Inc engages in the manufacture and provision of products and services for the renewable energy, residential, and infrastructure markets. It operates through the following segments: Residential, Infrastructure, Renewable and Agtech. The Residential segment includes roof and foundation ventilation products, rain dispersion products and roofing accessories, centralized mail systems, and electronic package solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Gibraltar Industries, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gibraltar Industries wasn't on the list.

While Gibraltar Industries currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.