Bank of New York Mellon Corp Has $14.07 Million Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Bank of New York Mellon Corp decreased its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 37.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,871 shares of the construction company’s stock after selling 141,816 shares during the period. Bank of New York Mellon Corp owned about 0.81% of Gibraltar Industries worth $14,071,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ROCK. Vanguard Group Inc. increased its holdings in shares of Gibraltar Industries by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company’s stock valued at $176,122,000 after acquiring an additional 15,201 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Gibraltar Industries by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,663,416 shares of the construction company’s stock valued at $97,975,000 after buying an additional 23,358 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Gibraltar Industries by 34.7% in the fourth quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company’s stock worth $90,769,000 after acquiring an additional 397,313 shares during the last quarter. Geode Capital Management LLC increased its position in Gibraltar Industries by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company’s stock worth $50,359,000 after acquiring an additional 15,889 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Gibraltar Industries by 32.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 570,520 shares of the construction company’s stock valued at $33,604,000 after buying an additional 140,784 shares during the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.

Gibraltar Industries Stock Performance

NASDAQ:ROCK opened at $63.32 on Friday. The firm has a market cap of $1.87 billion, a P/E ratio of 14.56 and a beta of 1.32. The firm’s fifty day moving average is $60.44 and its 200-day moving average is $59.81. Gibraltar Industries, Inc. has a 52 week low of $48.96 and a 52 week high of $81.90.

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

Analyst Upgrades and Downgrades

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

Insider Activity

In other Gibraltar Industries news, Director James B. Nish sold 2,670 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $57.58, for a total transaction of $153,738.60. Following the completion of the transaction, the director owned 13,148 shares of the company’s stock, valued at approximately $757,061.84. This trade represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

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.