Yousif Capital Management LLC Decreases Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Yousif Capital Management LLC decreased its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,338 shares of the construction company’s stock after selling 200 shares during the quarter. Yousif Capital Management LLC’s holdings in Gibraltar Industries were worth $665,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sei Investments Co. increased its position in shares of Gibraltar Industries by 37.8% during the 4th quarter. Sei Investments Co. now owns 27,373 shares of the construction company’s stock valued at $1,612,000 after purchasing an additional 7,513 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Gibraltar Industries by 9,467.7% during the 1st quarter. GAMMA Investing LLC now owns 47,456 shares of the construction company’s stock valued at $2,784,000 after purchasing an additional 46,960 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Gibraltar Industries by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company’s stock valued at $50,359,000 after purchasing an additional 15,889 shares during the last quarter. Rhumbline Advisers increased its position in shares of Gibraltar Industries by 4.7% during the 4th quarter. Rhumbline Advisers now owns 95,220 shares of the construction company’s stock valued at $5,608,000 after purchasing an additional 4,280 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Gibraltar Industries by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company’s stock worth $176,122,000 after acquiring an additional 15,201 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st.

Gibraltar Industries Trading Up 0.6%

Gibraltar Industries stock opened at $58.03 on Friday. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $81.90. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 13.34 and a beta of 1.34. The firm has a 50 day moving average of $57.38 and a 200 day moving average of $60.20.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. The firm had revenue of $290.02 million during the quarter, compared to the consensus estimate of $296.77 million. Gibraltar Industries had a return on equity of 13.39% and a net margin of 10.22%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. On average, analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Insider Activity at Gibraltar Industries

In other news, Director James B. Nish sold 1,172 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $58.21, for a total transaction of $68,222.12. Following the transaction, the director now owns 11,976 shares in the company, valued at approximately $697,122.96. This trade represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by insiders.

Gibraltar Industries 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.