Acrospire Investment Management Lowers stake in Gibraltar Industries Inc (ROCK)

Gibraltar Industries Inc (ROCK) : Acrospire Investment Management reduced its stake in Gibraltar Industries Inc by 35.03% during the most recent quarter end. The investment management company now holds a total of 7,974 shares of Gibraltar Industries Inc which is valued at $302,454 after selling 4,300 shares in Gibraltar Industries Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Gibraltar Industries Inc makes up approximately 0.22% of Acrospire Investment Management’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in ROCK in the latest quarter, The investment management firm added 499 additional shares and now holds a total of 4,119 shares of Gibraltar Industries Inc which is valued at $156,234.Glenmede Trust Co Na reduced its stake in ROCK by selling 44 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 18,492 shares of ROCK which is valued at $713,606.

Gibraltar Industries Inc closed down -0.55 points or -1.46% at $37.16 with 1,39,421 shares getting traded on Wednesday. Post opening the session at $37.58, the shares hit an intraday low of $36.96 and an intraday high of $37.609 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Gibraltar Industries Inc reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.39. The company had revenue of $263.10 million for the quarter, compared to analysts expectations of $271.37 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Gibraltar Industries Inc. is a manufacturer and distributor of products that provide structural and architectural enhancements for residential homes retail other commercial and professional buildings industrial plants bridges and a range of other structures. The Company operates through two segments: Residential Products and Industrial and Infrastructure Products. Residential Products primarily includes roof and foundation ventilation products mail and package storage products rain dispersion products and roofing accessories. The Industrial and Infrastructure Products primarily includes fabricated bar grating expanded and perforated metal expansion joints and structural bearings. The Company serves customers in North America Europe Asia Africa Australia and Central and South America. As of December 31 2014 the Company operated 35 facilities in the United States five in Canada and two in Europe of which 27 were leased and 15 were owned.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Gibraltar Industries Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Gibraltar Industries Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.