New York State Teachers Retirement System Reduces Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

New York State Teachers Retirement System decreased its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,425 shares of the construction company's stock after selling 4,200 shares during the quarter. New York State Teachers Retirement System owned approximately 0.15% of Gibraltar Industries worth $2,547,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC lifted its holdings in Gibraltar Industries by 645.1% during the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock worth $31,000 after buying an additional 458 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Gibraltar Industries by 296.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock worth $42,000 after buying an additional 530 shares during the period. GAMMA Investing LLC lifted its holdings in Gibraltar Industries by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock worth $47,000 after buying an additional 313 shares during the period. Quarry LP lifted its holdings 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 buying an additional 547 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in Gibraltar Industries during the 4th quarter worth about $111,000. Institutional investors and hedge funds own 98.39% of the company's stock.

Insider Buying and Selling

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $58.21, for a total transaction of $68,222.12. Following the completion of the sale, the director directly owned 11,976 shares of the company's stock, valued at approximately $697,122.96. The trade was a 8.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Analyst Ratings Changes

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

Gibraltar Industries Stock Performance

Shares of NASDAQ:ROCK traded down $0.32 during midday trading on Friday, reaching $63.71. The company's stock had a trading volume of 222,364 shares, compared to its average volume of 234,005. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 14.65 and a beta of 1.32. The firm has a 50 day moving average price of $59.76 and a two-hundred day moving average price of $59.66. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $81.90.

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 company had revenue of $290.02 million for 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 firm's revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. As a group, research analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share 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.