Bank of New York Mellon Corp Sells 141,816 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Bank of New York Mellon Corp cut its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 37.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 239,871 shares of the construction company's stock after selling 141,816 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.81% of Gibraltar Industries worth $14,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Gibraltar Industries by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company's stock worth $176,122,000 after purchasing an additional 15,201 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Gibraltar Industries by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,663,416 shares of the construction company's stock worth $97,975,000 after purchasing an additional 23,358 shares during the last quarter. Wellington Management Group LLP increased its position 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 purchasing an additional 397,313 shares during the last quarter. 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 acquiring an additional 15,889 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in 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 acquiring an additional 140,784 shares during the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Gibraltar Industries

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

Gibraltar Industries Price Performance

NASDAQ ROCK traded down $0.21 on Friday, reaching $63.32. 196,803 shares of the company's stock traded hands, compared to its average volume of 235,702. The stock has a market cap of $1.87 billion, a PE ratio of 14.56 and a beta of 1.32. Gibraltar Industries, Inc. has a 12 month low of $48.96 and a 12 month high of $81.90. The stock has a 50-day simple moving average of $60.44 and a 200 day simple moving average of $59.81.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings data 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 return on equity of 13.39% and a net margin of 10.22%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 earnings per share. As a group, analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS 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.

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.