Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury decreased its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 27.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,056 shares of the construction company’s stock after selling 5,221 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Gibraltar Industries were worth $828,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Barclays PLC raised its stake in Gibraltar Industries by 93.8% during the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company’s stock valued at $7,226,000 after acquiring an additional 50,017 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Gibraltar Industries by 5.2% in the fourth quarter. Nordea Investment Management AB now owns 102,069 shares of the construction company’s stock valued at $6,030,000 after purchasing an additional 5,000 shares during the period. Park Avenue Securities LLC raised its stake in shares of Gibraltar Industries by 12.8% during the fourth quarter. Park Avenue Securities LLC now owns 3,603 shares of the construction company’s stock worth $212,000 after purchasing an additional 410 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Gibraltar Industries during the fourth quarter worth $1,727,000. Finally, SG Americas Securities LLC purchased a new position in Gibraltar Industries in the 4th quarter valued at $117,000. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Trading Up 4.5 %

Shares of Gibraltar Industries stock opened at $58.02 on Friday. The company has a 50-day moving average of $58.62 and a two-hundred day moving average of $62.67. The stock has a market cap of $1.72 billion, a PE ratio of 12.98 and a beta of 1.22. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The company had revenue of $290.02 million for the quarter, compared to analyst estimates of $296.77 million. During the same quarter in the prior year, the company earned $0.80 earnings per share. Gibraltar Industries’s revenue was down .9% compared to the same quarter last year. On average, sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.