Algert Global LLC Invests $1.30 Million in Gibraltar Industries Inc (ROCK)

Algert Global LLC purchased a new stake in shares of Gibraltar Industries Inc (NASDAQ:ROCK) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 39,374 shares of the construction company’s stock, valued at approximately $1,299,000. Algert Global LLC owned 0.12% of Gibraltar Industries at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Gibraltar Industries by 21.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 153,262 shares of the construction company’s stock worth $5,464,000 after acquiring an additional 26,640 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Gibraltar Industries by 33.3% during the 2nd quarter. Wells Fargo & Company MN now owns 92,393 shares of the construction company’s stock valued at $3,294,000 after purchasing an additional 23,087 shares during the period. Nationwide Fund Advisors boosted its stake in Gibraltar Industries by 15.3% during the 2nd quarter. Nationwide Fund Advisors now owns 124,101 shares of the construction company’s stock valued at $4,424,000 after purchasing an additional 16,464 shares during the period. Profund Advisors LLC boosted its stake in Gibraltar Industries by 9.1% during the 2nd quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock valued at $205,000 after purchasing an additional 480 shares during the period. Finally, Northern Trust Corp boosted its stake in Gibraltar Industries by 0.4% during the 2nd quarter. Northern Trust Corp now owns 1,220,001 shares of the construction company’s stock valued at $43,492,000 after purchasing an additional 4,944 shares during the period.

ROCK has been the subject of a number of research reports. Zacks Investment Research downgraded Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub downgraded Gibraltar Industries from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. KeyCorp reissued a “buy” rating and issued a $39.00 target price on shares of Gibraltar Industries in a report on Friday, November 17th. Finally, TheStreet raised Gibraltar Industries from a “c” rating to a “b-” rating in a report on Friday, November 3rd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $42.00.

Gibraltar Industries Inc (NASDAQ ROCK) traded down $0.40 during mid-day trading on Friday, reaching $31.65. The company had a trading volume of 457,155 shares, compared to its average volume of 283,691. The firm has a market cap of $1,002.93, a PE ratio of 19.78 and a beta of 1.81. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.36 and a quick ratio of 1.93. Gibraltar Industries Inc has a 12-month low of $25.61 and a 12-month high of $44.90.

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Gibraltar Industries Company Profile

Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

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

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