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Principal Financial Group Inc. Has $9.84 Million Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Gibraltar Industries logo with Construction background

Principal Financial Group Inc. boosted its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 3.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 167,692 shares of the construction company's stock after acquiring an additional 5,201 shares during the quarter. Principal Financial Group Inc. owned 0.57% of Gibraltar Industries worth $9,837,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its position in Gibraltar Industries by 645.1% during the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock worth $31,000 after acquiring an additional 458 shares during the period. GAMMA Investing LLC raised its stake in shares of Gibraltar Industries by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock worth $47,000 after purchasing an additional 313 shares in the last quarter. Quarry LP raised its stake in shares of Gibraltar Industries by 41.5% during the 4th quarter. Quarry LP now owns 1,865 shares of the construction company's stock worth $110,000 after purchasing an additional 547 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Gibraltar Industries during the 4th quarter worth about $111,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Gibraltar Industries by 7.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock worth $200,000 after purchasing an additional 228 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Price Performance

Shares of ROCK stock traded up $0.01 during trading on Friday, reaching $63.54. The company had a trading volume of 85,633 shares, compared to its average volume of 234,514. The firm's 50 day simple moving average is $60.35 and its two-hundred day simple moving average is $59.78. Gibraltar Industries, Inc. has a one year low of $48.96 and a one year high of $81.90. The company has a market capitalization of $1.87 billion, a PE ratio of 14.61 and a beta of 1.32.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued 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. Gibraltar Industries had a return on equity of 13.39% and a net margin of 10.22%. The business had revenue of $290.02 million for the quarter, compared to the consensus estimate of $296.77 million. During the same period last year, the business earned $0.80 EPS. The firm's revenue was down .9% compared to the same quarter last year. Analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on ROCK

Insider Buying and Selling

In other Gibraltar Industries news, Director James B. Nish sold 2,670 shares of Gibraltar Industries stock in a transaction that occurred 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 transaction, the director directly owned 13,148 shares of the company's stock, valued at $757,061.84. The trade was a 16.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

About Gibraltar Industries

(Free Report)

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.

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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