State of New Jersey Common Pension Fund D Has $2.02 Million Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

State of New Jersey Common Pension Fund D grew its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 13.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,823 shares of the construction company’s stock after acquiring an additional 3,455 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Gibraltar Industries were worth $2,016,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROCK. Farther Finance Advisors LLC grew its stake in shares of Gibraltar Industries by 271.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock valued at $27,000 after buying an additional 277 shares in the last quarter. Innealta Capital LLC bought a new stake in Gibraltar Industries in the second quarter worth approximately $39,000. GAMMA Investing LLC increased its stake in shares of Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after purchasing an additional 170 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Gibraltar Industries during the 2nd quarter valued at $55,000. Finally, Quarry LP lifted its stake in shares of Gibraltar Industries by 428.9% in the 2nd quarter. Quarry LP now owns 989 shares of the construction company’s stock valued at $68,000 after purchasing an additional 802 shares during the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Performance

Shares of ROCK stock opened at $70.66 on Friday. The stock’s 50 day simple moving average is $69.19 and its 200 day simple moving average is $70.26. Gibraltar Industries, Inc. has a twelve month low of $61.92 and a twelve month high of $87.40. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 19.63 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. The company had revenue of $361.20 million for the quarter, compared to analyst estimates of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.38 earnings per share. On average, analysts forecast that Gibraltar Industries, Inc. will post 4.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.