Ancora Advisors LLC Has $3.71 Million Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Ancora Advisors LLC decreased its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 20.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 62,967 shares of the construction company's stock after selling 16,466 shares during the period. Ancora Advisors LLC owned about 0.21% of Gibraltar Industries worth $3,709,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in Gibraltar Industries by 37.8% during the fourth quarter. Sei Investments Co. now owns 27,373 shares of the construction company's stock valued at $1,612,000 after buying an additional 7,513 shares during the period. Geode Capital Management LLC grew 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 valued at $50,359,000 after purchasing an additional 15,889 shares in the last quarter. Barclays PLC increased its stake in Gibraltar Industries by 93.8% in the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company's stock valued at $7,226,000 after buying an additional 50,017 shares during the period. Rhumbline Advisers lifted its position in Gibraltar Industries by 4.7% in the 4th quarter. Rhumbline Advisers now owns 95,220 shares of the construction company's stock worth $5,608,000 after buying an additional 4,280 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake 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 buying an additional 15,201 shares during the period. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Gibraltar Industries news, Director James B. Nish sold 2,670 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $57.58, for a total transaction of $153,738.60. Following the completion of the transaction, the director now owns 13,148 shares of the company's stock, valued at $757,061.84. The trade was a 16.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by insiders.

Gibraltar Industries Price Performance

NASDAQ:ROCK traded up $0.07 during mid-day trading on Friday, reaching $58.75. The stock had a trading volume of 102,134 shares, compared to its average volume of 278,952. The stock has a market cap of $1.73 billion, a P/E ratio of 13.14 and a beta of 1.30. The business's 50 day moving average is $57.95 and its 200 day moving average is $62.40. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.86 by $0.09. The company had revenue of $290.02 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 EPS. Equities analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Gibraltar Industries from a "buy" rating to a "hold" rating in a report on Monday.

Gibraltar Industries Company 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.