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

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

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Gibraltar Industries by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company's stock worth $176,122,000 after purchasing an additional 15,201 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Gibraltar Industries by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,663,416 shares of the construction company's stock worth $97,975,000 after purchasing an additional 23,358 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Gibraltar Industries by 34.7% during 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 during the last quarter. Geode Capital Management LLC grew its stake in Gibraltar Industries by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company's stock valued at $50,359,000 after buying an additional 15,889 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew 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 valued at $33,604,000 after buying an additional 140,784 shares during the last quarter. Institutional investors and hedge funds own 98.39% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

Gibraltar Industries Stock Up 1.9%

Gibraltar Industries stock traded up $1.23 during mid-day trading on Wednesday, reaching $65.62. The company had a trading volume of 151,157 shares, compared to its average volume of 235,716. Gibraltar Industries, Inc. has a 52 week low of $48.96 and a 52 week high of $81.90. The company has a 50 day moving average of $60.49 and a 200-day moving average of $59.88. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 15.09 and a beta of 1.32.

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