Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 33.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,006 shares of the construction company’s stock after selling 34,321 shares during the period. Envestnet Asset Management Inc. owned about 0.23% of Gibraltar Industries worth $4,064,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ROCK. HighTower Advisors LLC raised its holdings in Gibraltar Industries by 11.9% in the 3rd quarter. HighTower Advisors LLC now owns 3,442 shares of the construction company’s stock valued at $245,000 after acquiring an additional 366 shares during the last quarter. Barclays PLC increased its stake in Gibraltar Industries by 93.8% in the third quarter. Barclays PLC now owns 103,324 shares of the construction company’s stock valued at $7,226,000 after purchasing an additional 50,017 shares during the last quarter. Franklin Resources Inc. lifted its position in Gibraltar Industries by 8.2% during the third quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company’s stock worth $401,000 after buying an additional 445 shares during the period. Nordea Investment Management AB boosted its stake in Gibraltar Industries by 5.2% in the 4th quarter. Nordea Investment Management AB now owns 102,069 shares of the construction company’s stock worth $6,030,000 after buying an additional 5,000 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Gibraltar Industries by 12.8% in the 4th quarter. Park Avenue Securities LLC now owns 3,603 shares of the construction company’s stock valued at $212,000 after buying an additional 410 shares during the period. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Up 0.1 %

Shares of ROCK opened at $51.28 on Thursday. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $81.90. The company’s fifty day moving average is $59.95 and its two-hundred day moving average is $63.42. The firm has a market cap of $1.52 billion, a PE ratio of 11.47 and a beta of 1.22.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. The firm had revenue of $302.06 million for the quarter, compared to analysts’ expectations of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 20th.

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.