Comerica Bank Raises Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Comerica Bank lifted its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 70.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,532 shares of the construction company's stock after purchasing an additional 9,310 shares during the quarter. Comerica Bank owned 0.07% of Gibraltar Industries worth $1,327,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ROCK. Sterling Capital Management LLC lifted its position in shares of Gibraltar Industries by 645.1% in the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock worth $31,000 after purchasing an additional 458 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Gibraltar Industries by 296.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock valued at $42,000 after acquiring an additional 530 shares during the period. Atticus Wealth Management LLC purchased a new position in shares of Gibraltar Industries during the 4th quarter worth $53,000. KBC Group NV grew its holdings in Gibraltar Industries by 50.2% during the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after purchasing an additional 480 shares during the period. Finally, Quarry LP increased its holdings in Gibraltar Industries by 41.5% in the 4th quarter. Quarry LP now owns 1,865 shares of the construction company's stock worth $110,000 after acquiring an additional 547 shares in the last quarter. Institutional investors own 98.39% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut Gibraltar Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 5th.

Insider Activity

In other Gibraltar Industries news, Director James B. Nish sold 2,670 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 13,148 shares of the company's stock, valued at $757,061.84. The trade was a 16.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company's stock.

Gibraltar Industries Stock Up 1.9%

NASDAQ ROCK traded up $1.15 during trading on Tuesday, hitting $63.09. 214,125 shares of the stock traded hands, compared to its average volume of 220,014. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $81.90. The firm has a 50-day simple moving average of $57.68 and a 200-day simple moving average of $62.29. The company has a market capitalization of $1.86 billion, a P/E ratio of 14.11 and a beta of 1.30.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its 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 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 revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. As a group, research analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

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.