Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,900 shares of the construction company’s stock after selling 600 shares during the period. Strs Ohio’s holdings in Gibraltar Industries were worth $1,018,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ROCK. Millburn Ridgefield Corp acquired a new position in shares of Gibraltar Industries in the 3rd quarter valued at approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Gibraltar Industries in the 3rd quarter valued at approximately $28,000. Covestor Ltd raised its position in shares of Gibraltar Industries by 13,540.0% in the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock valued at $46,000 after purchasing an additional 677 shares in the last quarter. PrairieView Partners LLC raised its position in shares of Gibraltar Industries by 100.0% in the 3rd quarter. PrairieView Partners LLC now owns 816 shares of the construction company’s stock valued at $55,000 after purchasing an additional 408 shares in the last quarter. Finally, Buck Wealth Strategies LLC raised its position in shares of Gibraltar Industries by 379.9% in the 3rd quarter. Buck Wealth Strategies LLC now owns 1,243 shares of the construction company’s stock valued at $84,000 after purchasing an additional 984 shares in the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

Gibraltar Industries Trading Up 2.0 %

Shares of NASDAQ ROCK opened at $73.46 on Wednesday. Gibraltar Industries, Inc. has a twelve month low of $48.01 and a twelve month high of $87.40. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 20.46 and a beta of 1.17. The business has a 50 day simple moving average of $77.39 and a 200-day simple moving average of $74.58.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly 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). Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. The firm had revenue of $328.80 million during the quarter, compared to the consensus estimate of $331.40 million. During the same quarter last year, the firm posted $0.72 earnings per share. Gibraltar Industries’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts predict that Gibraltar Industries, Inc. will post 4.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About Gibraltar Industries

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.