Victory Capital Management Inc. Reduces Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Victory Capital Management Inc. decreased its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 10.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,092,341 shares of the construction company's stock after selling 127,958 shares during the period. Victory Capital Management Inc. owned about 3.68% of Gibraltar Industries worth $64,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in Gibraltar Industries by 34.7% in the 4th 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 in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Gibraltar Industries by 32.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 570,520 shares of the construction company's stock worth $33,604,000 after purchasing an additional 140,784 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Gibraltar Industries by 52.8% in the 4th quarter. Renaissance Technologies LLC now owns 260,465 shares of the construction company's stock worth $15,341,000 after purchasing an additional 90,000 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Gibraltar Industries by 76.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 192,098 shares of the construction company's stock valued at $11,315,000 after buying an additional 82,965 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Gibraltar Industries by 1,114.0% during the 1st quarter. Teacher Retirement System of Texas now owns 84,177 shares of the construction company's stock valued at $4,938,000 after buying an additional 77,243 shares in the last quarter. Institutional investors own 98.39% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Gibraltar Industries

In other news, Director James B. Nish sold 1,172 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $58.21, for a total transaction of $68,222.12. Following the completion of the sale, the director owned 11,976 shares of the company's stock, valued at $697,122.96. The trade was a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by corporate insiders.

Gibraltar Industries Stock Performance

ROCK traded up $1.28 during trading on Tuesday, hitting $64.39. The stock had a trading volume of 166,229 shares, compared to its average volume of 235,613. The stock has a 50 day simple moving average of $60.44 and a two-hundred day simple moving average of $59.82. The company has a market capitalization of $1.90 billion, a PE ratio of 14.80 and a beta of 1.32. Gibraltar Industries, Inc. has a twelve month low of $48.96 and a twelve month high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.09. Gibraltar Industries had a net margin of 10.22% and a return on equity of 13.39%. The business had revenue of $290.02 million during the quarter, compared to analysts' expectations of $296.77 million. During the same quarter last year, the company posted $0.80 earnings per share. The business's quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Gibraltar Industries 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.