New York State Teachers Retirement System Decreases Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

New York State Teachers Retirement System lessened its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 9.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 53,964 shares of the construction company’s stock after selling 5,887 shares during the quarter. New York State Teachers Retirement System’s holdings in Gibraltar Industries were worth $4,262,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ROCK. Millburn Ridgefield Corp bought a new stake in Gibraltar Industries in the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC bought a new stake in Gibraltar Industries in the 3rd quarter worth $28,000. Covestor Ltd grew its holdings in Gibraltar Industries by 13,540.0% in the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock worth $46,000 after acquiring an additional 677 shares during the last quarter. PrairieView Partners LLC grew its holdings in Gibraltar Industries by 100.0% in the 3rd quarter. PrairieView Partners LLC now owns 816 shares of the construction company’s stock worth $55,000 after acquiring an additional 408 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Gibraltar Industries in the 1st quarter worth $67,000. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, March 29th.

Gibraltar Industries Trading Down 1.4 %

Shares of ROCK opened at $74.19 on Monday. The firm’s 50-day moving average price is $79.08 and its 200-day moving average price is $74.29. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 20.67 and a beta of 1.17. Gibraltar Industries, Inc. has a 1-year low of $47.23 and a 1-year high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Wednesday, February 21st. The construction company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $328.80 million for the quarter, compared to the consensus estimate of $331.40 million. Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 EPS. On average, research analysts forecast that Gibraltar Industries, Inc. will post 4.73 EPS for the current fiscal year.

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.