First Trust Advisors LP Has $2 Million Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

First Trust Advisors LP increased its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 145.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,027 shares of the construction company's stock after acquiring an additional 20,190 shares during the period. First Trust Advisors LP owned about 0.11% of Gibraltar Industries worth $2,004,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Gibraltar Industries by 93.8% during the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company's stock worth $7,226,000 after buying an additional 50,017 shares during the last quarter. Nordea Investment Management AB lifted its position in Gibraltar Industries by 5.2% during the fourth quarter. Nordea Investment Management AB now owns 102,069 shares of the construction company's stock worth $6,030,000 after acquiring an additional 5,000 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Gibraltar Industries by 12.8% during the fourth quarter. Park Avenue Securities LLC now owns 3,603 shares of the construction company's stock worth $212,000 after acquiring an additional 410 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Gibraltar Industries during the fourth quarter worth approximately $1,727,000. Finally, SG Americas Securities LLC acquired a new stake in Gibraltar Industries during the 4th quarter worth approximately $117,000. Institutional investors and hedge funds own 98.39% of the company's stock.

Gibraltar Industries Price Performance

ROCK traded down $0.13 on Friday, hitting $58.55. 228,154 shares of the stock were exchanged, compared to its average volume of 218,302. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.10 and a beta of 1.30. Gibraltar Industries, Inc. has a 12 month low of $48.96 and a 12 month high of $81.90. The business has a 50-day moving average of $57.95 and a two-hundred day moving average of $62.40.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The firm had revenue of $290.02 million during the quarter, compared to the consensus estimate of $296.77 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business's quarterly revenue was down .9% on a year-over-year basis. Equities research analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Gibraltar Industries from a "buy" rating to a "hold" rating in a report on Monday.

Insider Activity

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of Gibraltar Industries stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $58.21, for a total transaction of $68,222.12. Following the transaction, the director now directly owns 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company's stock.

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.