Victory Capital Management Inc. Sells 127,958 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Victory Capital Management Inc. lowered its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 10.5% during the first quarter, according to its most recent Form 13F filing with the 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 approximately 3.68% of Gibraltar Industries worth $64,077,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ROCK. Proficio Capital Partners LLC acquired a new position in shares of Gibraltar Industries in the fourth quarter worth approximately $892,000. Raymond James Financial Inc. acquired a new position in shares of Gibraltar Industries in the fourth quarter worth approximately $1,131,000. PNC Financial Services Group Inc. lifted its stake in shares of Gibraltar Industries by 7.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock worth $200,000 after acquiring an additional 228 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Gibraltar Industries by 75.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,549 shares of the construction company's stock worth $739,000 after acquiring an additional 5,400 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Gibraltar Industries by 0.7% in the fourth quarter. Swiss National Bank now owns 59,900 shares of the construction company's stock worth $3,528,000 after acquiring an additional 400 shares during the period. Institutional investors own 98.39% of the company's stock.

Insider Transactions at Gibraltar Industries

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 value of $153,738.60. Following the completion of the transaction, the director owned 13,148 shares in the company, valued at $757,061.84. This represents a 16.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

Gibraltar Industries Stock Performance

Shares of NASDAQ ROCK traded down $0.21 during midday trading on Friday, hitting $63.32. 196,803 shares of the stock traded hands, compared to its average volume of 235,702. The company 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 one year low of $48.96 and a one year high of $81.90. The business has a 50 day moving average price of $60.44 and a two-hundred day moving average price of $59.81.

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

Analyst Ratings Changes

Separately, Wall Street Zen lowered Gibraltar Industries from a "buy" rating to a "hold" rating in a research note 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.