Edgestream Partners L.P. Trims Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Edgestream Partners L.P. decreased its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 14.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,066 shares of the construction company's stock after selling 7,016 shares during the period. Edgestream Partners L.P. owned about 0.14% of Gibraltar Industries worth $2,409,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Gibraltar Industries by 3.2% during the first quarter. Principal Financial Group Inc. now owns 167,692 shares of the construction company's stock valued at $9,837,000 after acquiring an additional 5,201 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Gibraltar Industries by 42.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,813 shares of the construction company's stock valued at $810,000 after acquiring an additional 4,142 shares during the period. GAMMA Investing LLC lifted its holdings in Gibraltar Industries by 63.1% in the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock worth $47,000 after buying an additional 313 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Gibraltar Industries by 215.6% during the 1st quarter. SG Americas Securities LLC now owns 6,256 shares of the construction company's stock valued at $367,000 after buying an additional 4,274 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Gibraltar Industries by 37.8% in the 4th quarter. Sei Investments Co. now owns 27,373 shares of the construction company's stock worth $1,612,000 after purchasing an additional 7,513 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company's stock.

Gibraltar Industries Stock Down 0.3%

Shares of Gibraltar Industries stock traded down $0.21 during trading hours on Monday, reaching $63.11. 166,476 shares of the stock traded hands, compared to its average volume of 235,425. The company has a 50 day moving average price of $60.44 and a 200 day moving average price of $59.82. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 14.51 and a beta of 1.32. Gibraltar Industries, Inc. has a one year low of $48.96 and a one year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share 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 the consensus estimate of $296.77 million. Gibraltar Industries had a return on equity of 13.39% and a net margin of 10.22%. Gibraltar Industries's revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 EPS. Sell-side analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Insider Buying and Selling

In other Gibraltar Industries news, Director James B. Nish sold 2,670 shares of the company's stock in a transaction 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 transaction, the director owned 13,148 shares of the company's stock, valued at approximately $757,061.84. This represents a 16.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Gibraltar Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st.

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.