Cerity Partners LLC Trims Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Cerity Partners LLC reduced its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 49.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,678 shares of the construction company's stock after selling 18,161 shares during the quarter. Cerity Partners LLC owned 0.06% of Gibraltar Industries worth $1,096,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in Gibraltar Industries by 645.1% in the fourth 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. GAMMA Investing LLC increased its stake in shares of Gibraltar Industries by 63.1% in the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock valued at $47,000 after acquiring an additional 313 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Gibraltar Industries by 29.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company's stock worth $67,000 after acquiring an additional 261 shares during the last quarter. Quarry LP boosted its stake in 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 acquiring an additional 547 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Gibraltar Industries during the 4th quarter worth approximately $111,000. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director James B. Nish sold 2,670 shares of the stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.50% of the company's stock.

Gibraltar Industries Trading Up 1.2%

Shares of Gibraltar Industries stock traded up $0.79 on Friday, reaching $65.96. 158,511 shares of the company were exchanged, compared to its average volume of 211,703. 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 $1.95 billion, a price-to-earnings ratio of 15.16 and a beta of 1.32. The company has a 50-day moving average of $60.72 and a 200 day moving average of $60.02.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.09. The firm had revenue of $290.02 million for 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 company's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. Analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

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.

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.