State of Tennessee Department of Treasury Cuts Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

State of Tennessee Department of Treasury reduced its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 27.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,056 shares of the construction company’s stock after selling 5,221 shares during the period. State of Tennessee Department of Treasury’s holdings in Gibraltar Industries were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its holdings in Gibraltar Industries by 93.8% during the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company’s stock worth $7,226,000 after acquiring an additional 50,017 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Gibraltar Industries by 5.2% during the fourth quarter. Nordea Investment Management AB now owns 102,069 shares of the construction company’s stock worth $6,030,000 after purchasing an additional 5,000 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Gibraltar Industries by 12.8% in the fourth 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 last quarter. Wedge Capital Management L L P NC acquired a new stake in Gibraltar Industries in the fourth quarter valued at $1,727,000. Finally, SG Americas Securities LLC purchased a new stake in Gibraltar Industries during the 4th quarter worth about $117,000. 98.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Gibraltar Industries Trading Up 4.5 %

ROCK stock opened at $58.02 on Friday. The stock has a market cap of $1.72 billion, a P/E ratio of 12.98 and a beta of 1.22. Gibraltar Industries, Inc. has a twelve month low of $48.96 and a twelve month high of $81.90. The company’s 50 day moving average is $58.62 and its two-hundred day moving average is $62.67.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share 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 analysts’ expectations of $296.77 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. Gibraltar Industries’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. On average, equities research analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

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.