PNC Financial Services Group Inc. Raises Holdings in Gibraltar Industries Inc (NASDAQ:ROCK)

PNC Financial Services Group Inc. grew its stake in shares of Gibraltar Industries Inc (NASDAQ:ROCK) by 99.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,849 shares of the construction company’s stock after acquiring an additional 2,418 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Gibraltar Industries were worth $173,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Gibraltar Industries by 4.5% during the third quarter. BlackRock Inc. now owns 4,513,182 shares of the construction company’s stock valued at $205,800,000 after buying an additional 196,122 shares during the last quarter. FMR LLC boosted its position in shares of Gibraltar Industries by 9.9% during the third quarter. FMR LLC now owns 1,978,636 shares of the construction company’s stock valued at $90,225,000 after buying an additional 178,791 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Gibraltar Industries by 3.6% during the third quarter. Franklin Resources Inc. now owns 2,934,520 shares of the construction company’s stock valued at $133,814,000 after buying an additional 102,400 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in shares of Gibraltar Industries by 13.2% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 588,323 shares of the construction company’s stock valued at $20,938,000 after buying an additional 68,794 shares during the last quarter. Finally, Primecap Management Co. CA boosted its position in shares of Gibraltar Industries by 28.3% during the third quarter. Primecap Management Co. CA now owns 259,800 shares of the construction company’s stock valued at $11,847,000 after buying an additional 57,300 shares during the last quarter.

Shares of ROCK stock traded up $0.19 during trading hours on Monday, reaching $40.94. 53,400 shares of the company traded hands, compared to its average volume of 159,563. The stock has a market cap of $1.32 billion, a P/E ratio of 19.13 and a beta of 1.53. Gibraltar Industries Inc has a 12-month low of $31.96 and a 12-month high of $49.10.

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

ROCK has been the topic of several research reports. Zacks Investment Research cut Gibraltar Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, February 26th. BidaskClub raised Gibraltar Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. ValuEngine raised Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Friday, December 21st. Finally, Sidoti assumed coverage on 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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Gibraltar Industries Company Profile

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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