New York State Common Retirement Fund Sells 6,010 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

New York State Common Retirement Fund reduced its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 4.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 130,500 shares of the construction company's stock after selling 6,010 shares during the period. New York State Common Retirement Fund owned approximately 0.44% of Gibraltar Industries worth $7,655,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROCK. Proficio Capital Partners LLC acquired a new stake in shares of Gibraltar Industries in the fourth quarter valued at approximately $892,000. Raymond James Financial Inc. bought a new position in shares of Gibraltar Industries in the fourth quarter valued at $1,131,000. PNC Financial Services Group Inc. grew 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 valued at $200,000 after buying an additional 228 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew 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 valued at $739,000 after buying an additional 5,400 shares in the last quarter. Finally, Swiss National Bank grew 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 valued at $3,528,000 after buying an additional 400 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

In other Gibraltar Industries news, Director James B. Nish sold 2,670 shares of the stock in a transaction that occurred 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 directly owned 13,148 shares in the company, 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 is accessible through this link. Insiders own 0.50% of the company's stock.

Gibraltar Industries Trading Down 0.3%

NASDAQ ROCK traded down $0.21 during trading on Friday, hitting $63.32. 196,803 shares of the company's stock were exchanged, 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 fifty-two week low of $48.96 and a fifty-two week high of $81.90. The stock's 50 day moving average price is $60.44 and its two-hundred day moving average price is $59.81.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a return on equity of 13.39% and a net margin of 10.22%. The company had revenue of $290.02 million during the quarter, compared to the consensus estimate of $296.77 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. 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 fiscal year.

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.